FUJIFILM Holdings Given Neutral Rating at Zacks (FUJIY)
FUJIFILM Holdings (NASDAQ:FUJIY)‘s stock had its “neutral” rating reaffirmed by Zacks in a research report issued to clients and investors on Thursday. They currently have a $32.00 target price on the stock. Zacks‘s target price indicates a potential upside of 4.95% from the stock’s previous close.
Zacks’ analyst wrote, “Fujifilm reported mixed results for the fiscal first quarter of 2015. While net income climbed 3% year over year to $150.5 million, revenues slid 2% to $5.5 billion. The increase in income was primarily attributable to effective cost management by the company. Fujifilm has also been enhancing shareholders’ values through dividend payments and share repurchases. Moreover, continuous product launches are helping the company to gain a significant market share. However, a decline in sales of the traditional photo-imaging business reduced the total sales in the reported quarter. Further, Fujifilm’s presence in regions outside Japan exposes it to various socio-economic and political risks. Based on these factors, we maintain our Neutral recommendation on the stock.”
Shares of FUJIFILM Holdings (NASDAQ:FUJIY) traded down 0.92% during mid-day trading on Thursday, hitting $30.21. 2,503 shares of the company’s stock traded hands. FUJIFILM Holdings has a 52 week low of $21.62 and a 52 week high of $31.50. The stock’s 50-day moving average is $28.72 and its 200-day moving average is $27.4. The company has a market cap of $14.560 billion and a price-to-earnings ratio of 18.49.
FUJIFILM Holdings (NASDAQ:FUJIY) last announced its earnings results on Wednesday, July 30th. The company reported $0.31 earnings per share for the quarter. Analysts expect that FUJIFILM Holdings will post $1.68 EPS for the current fiscal year.
FUJIFILM Holdings Corporation is mainly engaged in the provision of imaging, information and document solutions.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.