SMC (OTCMKTS:SMCAY) Upgraded to Strong-Buy at Zacks Research

SMC (OTCMKTS:SMCAY) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Jefferies Financial Group upgraded shares of SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group downgraded SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, SMC presently has a consensus rating of “Buy”.

SMC Trading Down 0.2%

OTCMKTS SMCAY opened at $24.62 on Tuesday. The firm’s fifty day simple moving average is $22.12 and its two-hundred day simple moving average is $21.97. The firm has a market capitalization of $31.45 billion, a P/E ratio of 23.90, a P/E/G ratio of 1.69 and a beta of 1.10. SMC has a 12-month low of $14.31 and a 12-month high of $27.77.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. SMC had a return on equity of 9.40% and a net margin of 21.94%.The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.54 billion. As a group, sell-side analysts predict that SMC will post 1.1 earnings per share for the current fiscal year.

About SMC

SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers air management system, directional control valves, air cylinders, rotatory actuators/air grippers, electric actuators/cylinders, fitting and tubing, and modular F.R.L./pressure control equipment, as well as vacuum, air preparation, and lubrication equipment. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.