Zacks Investment Research Upgrades Kuraray Co (KURRY) to Strong-Buy

Kuraray Co (NASDAQ:KURRY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday, May 24th. The brokerage presently has a $61.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 28.58% from the company’s current price.

According to Zacks, “Kuraray Co., Ltd. engages in commercializing chemicals and resins, fibers and textiles, high performance material, medical products and others. It operates in three segments: Chemicals and Resins; Fibers and Textiles; and High-Performance Materials, Medical Products, and Others (HMM). In the chemicals and functional materials fields, the Company’s products include poval resin, the gas barrier material EVAL, isoprene chemicals, fine chemicals, methacrylic resin and resin-finished goods. The Fibers and Textiles segment provides man-made leather, non-woven fabrics, hook and loop fasteners, MAGIC TAPE, which is used in clothing, shoes, car seats; polyester; and textiles. The HMM segment provides heat resistant polyamide resins used in electronics parts and auto parts, dental materials; PVA gel, which are used in water purification and wastewater treatment; and KURARAY COAL used in water purification facilities, gas separators, and capacitor materials. Kuraray Co., Ltd. is headquartered in Tokyo, Japan. “

Shares of Kuraray (NASDAQ:KURRY) traded up 0.0000% during midday trading on Wednesday, hitting $55.8199. Kuraray has a 52 week low of $35.08 and a 52 week high of $55.82. The stock has a market cap of $6.54 billion and a price-to-earnings ratio of 16.9459. The firm’s 50 day moving average price is $52.51 and its 200 day moving average price is $47.32.

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