Zacks Investment Research upgraded shares of ORIENT OVS INTL/ADR (OTCMKTS:OROVY) from a hold rating to a strong-buy rating in a research note published on Tuesday, Zacks.com reports. The brokerage currently has $29.00 target price on the stock.
According to Zacks, “Orient Overseas (International) Limited through its subsidiaries operates as a provider of container transport and logistics services. Its principal business activities include container transport and logistics services, ports and terminals, and property investment. The Company also provides freight management services, extensive domestic distribution services and supply-chain management. It also operates container terminals which forms an integral part of its international containerized transportation business. Orient Overseas (International) Limited is headquartered in Wanchai, Hong Kong. “
ORIENT OVS INTL/ADR stock opened at $29.49 on Tuesday. The company has a 50-day moving average price of $23.77 and a 200 day moving average price of $25.87. ORIENT OVS INTL/ADR has a 12-month low of $20.75 and a 12-month high of $33.39. The stock has a market cap of $3.69 billion, a P/E ratio of 48.34 and a beta of 0.28.
Orient Overseas (International) Limited, an investment holding company, provides container transportation and logistics services worldwide. The company offers trunk and intermodal services; freight management services and IT solutions; supply-chain management and distribution services; and containerized shipping services in various trade lanes comprising Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades.
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