Mitsui & Co. (OTCMKTS:MITSY) Reaches New 12-Month High – Still a Buy?

Shares of Mitsui & Co. (OTCMKTS:MITSY) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $551.37 and last traded at $531.00, with a volume of 55 shares. The stock had previously closed at $534.50.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Mitsui & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Mitsui & Co. presently has a consensus rating of “Buy”.

Mitsui & Co. Trading Down 0.8%

The stock has a market capitalization of $76.15 billion, a PE ratio of 14.11, a P/E/G ratio of 10.20 and a beta of 0.64. The company has a 50 day simple moving average of $504.91 and a 200 day simple moving average of $455.99. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

Mitsui & Co. (OTCMKTS:MITSY) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $10.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $3.17. The firm had revenue of $22.42 billion for the quarter, compared to the consensus estimate of $23.58 billion. Mitsui & Co. had a return on equity of 10.48% and a net margin of 5.77%. Analysts predict that Mitsui & Co. will post 42.43 earnings per share for the current fiscal year.

About Mitsui & Co.

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.