Shares of Kawasaki Heavy Industries Ltd. (OTCMKTS:KWHIY – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $48.66 and last traded at $45.85, with a volume of 11383 shares changing hands. The stock had previously closed at $46.50.
Analysts Set New Price Targets
Separately, Zacks Research lowered shares of Kawasaki Heavy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.
View Our Latest Stock Report on Kawasaki Heavy Industries
Kawasaki Heavy Industries Stock Performance
Kawasaki Heavy Industries (OTCMKTS:KWHIY – Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.28 by $0.40. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.79 billion. Kawasaki Heavy Industries had a net margin of 4.74% and a return on equity of 13.65%.
About Kawasaki Heavy Industries
Kawasaki Heavy Industries, Ltd. (OTCMKTS: KWHIY) is a diversified Japanese conglomerate with core operations in shipbuilding, rolling stock, industrial machinery, aerospace and energy systems. The company traces its roots to 1896 when founder Shozo Kawasaki established a shipyard in Kobe, Japan. Today, the firm is headquartered in Kobe and Tokyo and is recognized as one of the world’s leading manufacturers of heavy equipment and engineering solutions.
In its marine division, Kawasaki Heavy Industries designs and constructs a broad range of vessels including LNG carriers, container ships and offshore support platforms.
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