Fujifilm Holdings Corp. (FUJIY) Rating Increased to Hold at Zacks Investment Research
Fujifilm Holdings Corp. (OTCMKTS:FUJIY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Fujifilm’s business is currently hurt by a number of headwinds. Appreciation of Japanese Yen, sluggish economic status of several emerging markets, Brexit-related political issues in Europe and intense competition are all hampering its financial fundamentals. Over the last 60 days, the Zacks Consensus Estimate for the company has not changed for both fiscal 2017 and 2018. However, the company firmly believes that it would be able to boost near-term financial fundamentals on the back of its VISION 2016 plan, strategic innovations, lucrative acquisitions and new marketing programs.”
Fujifilm Holdings Corp. (OTCMKTS:FUJIY) opened at 37.18 on Tuesday. Fujifilm Holdings Corp. has a one year low of $34.57 and a one year high of $43.05. The stock has a market cap of $16.75 billion, a P/E ratio of 15.75 and a beta of 0.53. The company’s 50-day moving average price is $37.53 and its 200-day moving average price is $38.83.
About Fujifilm Holdings Corp.
FUJIFILM Holdings Corporation is engaged in the development, production, sales and service of imaging solutions, information solutions and document solutions. The Company’s segments include Imaging Solutions, Information Solutions, Document Solutions and, Corporate expenses and eliminations. The Imaging Solutions segment consists of photo imaging, and optical device and electronic imaging products.
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