Company Update (NYSE:GM): Bridgestone Corporation Recognized by General Motors as a 2015 Supplier of the Year Winner

[PR Newswire] – NASHVILLE, Tenn., March 17, 2016 /PRNewswire/ — Bridgestone Corporation and its global family of companies, including Bridgestone Americas, Inc. (BSAM), was named a GM Supplier of the Year by General Motors during its 24th annual Supplier of the Year awards ceremony held Thursday, March 10 at Cobo Center in Detroit, Mich. This is the 14th time Bridgestone Corporation has received the award. GM recognized 110 of its best suppliers from 17 countries who have consistently exceeded GM’s expectations, created outstanding value or brought new innovations to the company. The announcement represented the most suppliers GM has recognized since debuting the Supplier of the Year event in 1992. Read more on this. General Motors Company (GM) , valued at $49.50B, started trading this morning at $31.73. Shares have traded today between $31.64 and $32.10 per share with a trailing 52-week range being $24.62 to $38.99. Priced at 5.69x this year’s forecasted earnings, GM shares are relatively inexpensive compared to the industry’s 12.72x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.52 per share annually in dividends, yielding 4.87%. According to a consensus of 16 analysts, the earnings estimate of $1.02 per share would be $0.16 better than the year-ago quarter and a $0.08 sequential decrease. Investors should also note that the full-year EPS estimate of $5.48 is a $0.46 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $35.75 Billion. If reported, that would be a 0.11% increase over the year-ago quarter. More recently, Argus downgraded GM from Buy to Hold (Feb 29, 2016). Previously, Credit Suisse upgraded GM from Neutral to Outperform. The average price target for GM shares by the analysts covering the stock is $37.76, which is 19.00% above where the stock opened this morning. See more in (NYSE:GM) Similar Articles: Stock Update: General Motors Company (NYSE:GM) – General Motors reports higher February sales in Canada Company Update (NYSE:GM): Technical Analysis on Auto Manufacturers – Major Equities — Ford Motor, General Motors, Fiat Chrysler Automobiles, and Tesla Motors Stock Update: General Motors Company (NYSE:GM) – U.S. auto sales on pace for record year in 2015 after strong Dec