Mitsubishi (OTCMKTS:MSBHF) Raised to Hold at Zacks Research

Mitsubishi (OTCMKTS:MSBHF) was upgraded by research analysts at Zacks Research to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Mitsubishi Stock Performance

Shares of MSBHF opened at $30.87 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 1.41. Mitsubishi has a twelve month low of $18.34 and a twelve month high of $37.75. The firm’s 50 day moving average price is $33.29 and its two-hundred day moving average price is $29.55. The firm has a market cap of $114.40 billion, a P/E ratio of 22.21 and a beta of 0.46.

Mitsubishi (OTCMKTS:MSBHF) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The business had revenue of $32.97 billion for the quarter, compared to analyst estimates of $22.88 billion. Mitsubishi had a net margin of 4.23% and a return on equity of 8.04%. On average, analysts forecast that Mitsubishi will post 2.22 EPS for the current fiscal year.

About Mitsubishi

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.