ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) from a hold rating to a strong-buy rating in a report published on Tuesday, Zacks.com reports. Zacks Investment Research currently has $20.00 price target on the stock.

According to Zacks, “ASAHI KASEI CORPORATION, provides innovative solutions based in chemistry and materials science to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. On October 1, 2003, all core operations were transferred to wholly owned constituent corporations as autonomous operating business units. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group not included in the constituent corporations provides group services. “

Shares of AHKSY stock opened at $17.45 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.54 and a quick ratio of 0.92. ASAHI KASEI COR/ADR has a 52 week low of $17.40 and a 52 week high of $31.00. The stock has a market cap of $12.29 billion, a PE ratio of 8.60 and a beta of 0.61. The firm has a 50 day simple moving average of $20.54.

ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) last issued its quarterly earnings results on Friday, May 10th. The company reported $0.53 EPS for the quarter. ASAHI KASEI COR/ADR had a net margin of 6.80% and a return on equity of 11.58%. The company had revenue of $5.30 billion during the quarter. On average, sell-side analysts predict that ASAHI KASEI COR/ADR will post 1.91 earnings per share for the current fiscal year.

ASAHI KASEI COR/ADR Company Profile

Asahi Kasei Corporation manufactures, processes, and sells chemical products in Japan and internationally. The company operates in three segments: Material, Homes, and Health Care. It offers cupro fiber, lining fabric, stretch fiber, spunbond nonwoven, cupro nonwoven fabric, microfiber suede, oil-water separator, deodorizing nonwoven, heat-press formable thermoplastic nonwoven, noise suppression sheet, filament, flame-resistant fiber, honeycomb fabric, cellulose nanobead, and elastic electric wire products.

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