THK (OTCMKTS:THKLY) Rating Increased to Strong-Buy at Zacks Investment Research

THK (OTCMKTS:THKLY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday, Zacks.com reports. The brokerage currently has a $14.00 price objective on the stock. Zacks Investment Research‘s price objective points to a potential upside of 19.45% from the company’s current price.

According to Zacks, “THK CO., LTD. is engaged in the manufacture and sale of components for industrial and transportation equipment. Its products include machinery parts such as linear motion guides and ball screws and transportation equipment parts such as link ball and suspension ball joints. The company’s operating segment consists of Japan, Americas, Europe, China and Others. THK CO., LTD. is headquartered in Tokyo, Japan. “

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group lowered THK from a “conviction-buy” rating to a “neutral” rating in a research note on Thursday, September 2nd. JPMorgan Chase & Co. upgraded THK from an “underweight” rating to a “neutral” rating in a research note on Thursday, November 18th. Jefferies Financial Group lowered THK from a “buy” rating to a “hold” rating in a research note on Friday, August 6th. Finally, Citigroup lowered THK from a “neutral” rating to a “sell” rating in a research note on Tuesday, September 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $14.00.

THKLY opened at $11.72 on Wednesday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 586.00 and a beta of 1.26. The company has a quick ratio of 3.10, a current ratio of 3.80 and a debt-to-equity ratio of 0.33. THK has a 12-month low of $10.22 and a 12-month high of $18.70. The business has a 50 day moving average of $11.11 and a 200-day moving average of $13.22.

THK Company Profile

THK CO., LTD. engages in the manufacture and sale of components for industrial and transportation equipment. It offers machinery parts such as linear motion guides and ball screws, and transportation equipment parts such as link ball and suspension ball joints. It operates through the following geographical segments: Japan, Americas, Europe, China, and Others.

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