Zacks Research upgraded shares of Mitsubishi (OTCMKTS:MSBHF – Free Report) from a hold rating to a strong-buy rating in a report issued on Monday morning,Zacks reports.
Mitsubishi Stock Performance
Shares of MSBHF stock opened at $29.98 on Monday. Mitsubishi has a 12-month low of $21.41 and a 12-month high of $37.75. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.10. The firm has a market capitalization of $111.09 billion, a price-to-earnings ratio of 19.46 and a beta of 0.49. The business has a 50 day simple moving average of $30.87 and a 200 day simple moving average of $31.17.
Mitsubishi (OTCMKTS:MSBHF – Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Mitsubishi had a return on equity of 8.92% and a net margin of 4.49%.The firm had revenue of $31.86 billion for the quarter, compared to the consensus estimate of $26.46 billion. On average, equities research analysts anticipate that Mitsubishi will post 2.37 EPS for the current year.
About Mitsubishi
Mitsubishi Corporation (OTCMKTS: MSBHF) is a Japan-based global trading and business investment company. As one of the core companies of the Mitsubishi group, it develops, operates and invests in businesses across a broad range of industries rather than focusing on a single product line.
The company’s activities include energy and power solutions, metals and mineral resources, chemicals, food and consumer products, industrial materials, mobility, urban development, and infrastructure. Mitsubishi Corporation works with business partners to import and export commodities, arrange supply chains, develop projects, and provide operating and investment support across its portfolio.
Founded in 1954, the company has expanded from a traditional Japanese trading house into an international enterprise serving customers and partners in Japan and markets worldwide.
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