Topcon (OTCMKTS:TOPCF) Rating Increased to Buy at Zacks Investment Research

Topcon (OTCMKTS:TOPCF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, Zacks.com reports. The brokerage presently has a $19.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 15.64% from the stock’s previous close.

According to Zacks, “Topcon Corporation develops and sells positioning, eye care and smart infrastructure products. Positioning products include GNSS receivers, machine control systems, precision agriculture systems, and IT site management solutions; Eye care products comprise 3D optical coherence tomography systems, retinal cameras, ophthalmic digital image filing systems, auto refractometers/auto kerato-refractometers, slit lamps, computerized tonometers, lens edgers and meters and ophthalmic laser photocoagulators.; infrastructure products consists motorized robotic total stations, imaging stations, mobile mapping systems, 3D laser scanners, data collectors, theodolites, levels/digital levels, self-leveling construction lasers, pipe lasers and asset management systems. Topcon Corporation is headquartered in Tokyo, Japan. “

TOPCF opened at $16.43 on Thursday. The company has a quick ratio of 1.42, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average price of $17.43 and a 200-day moving average price of $16.18. Topcon has a twelve month low of $11.57 and a twelve month high of $19.12. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 27.85 and a beta of 1.32.

Topcon Company Profile

Topcon Corp. engages in the manufacture and sale of optical and digital technological products. It operates through the following business segments: Smart Infrastructure, Positioning Company, Eye Care, and Others. The Smart Infrastructure segment provides positioning and surveying instruments including Total station, Layout navigator, Mobile mapping, 3D Laser scanner, Field controller, Level, Theodolite, Rotating laser, and Pipe laser.

Read More: Hang Seng Index (HSI)

Get a free copy of the Zacks research report on Topcon (TOPCF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Topcon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Topcon and related companies with MarketBeat.com's FREE daily email newsletter.