Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Shares Gap Up – Still a Buy?

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) gapped up before the market opened on Thursday. The stock had previously closed at $24.2650, but opened at $25.46. Mitsubishi Heavy Industries shares last traded at $25.46, with a volume of 194 shares trading hands.

Analysts Set New Price Targets

Several brokerages have weighed in on MHVYF. Sanford C. Bernstein assumed coverage on shares of Mitsubishi Heavy Industries in a report on Tuesday, September 15th. They set an “outperform” rating for the company. UBS Group raised shares of Mitsubishi Heavy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy”.

Mitsubishi Heavy Industries Trading Up 0.0%

The stock has a market cap of $85.89 billion, a price-to-earnings ratio of 33.50 and a beta of 0.52. The business’s fifty day simple moving average is $24.99 and its 200 day simple moving average is $25.64. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.26 and a quick ratio of 0.98.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last posted its earnings results on Tuesday, August 4th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.15 by $0.09. The company had revenue of $7.34 billion during the quarter, compared to analyst estimates of $7.09 billion. Mitsubishi Heavy Industries had a return on equity of 12.97% and a net margin of 7.04%.

Institutional Investors Weigh In On Mitsubishi Heavy Industries

An institutional investor recently bought a new stake in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new stake in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $28,000.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) is a Japan-based industrial company that develops and manufactures large-scale equipment, systems and infrastructure for customers worldwide. Its roots trace to the establishment of the Nagasaki Shipyard in 1884, while the modern company was formed in 1934 through the merger of Mitsubishi Shipbuilding and Mitsubishi Aircraft.

The company’s activities include power-generation equipment and energy systems, including gas turbines, steam turbines, nuclear-power technologies and related services.