Konica Minolta Inc (NASDAQ:KNCAY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $19.00 price target on the stock. Zacks Investment Research’s price target suggests a potential upside of 11.18% from the stock’s current price.

According to Zacks, “Konica Minolta Holdings, Inc. is engaged in the manufacture and sale of imaging products including printers, lenses, and display materials. Its technologies business is in charge of the global deployment of office equipment, centering on multi-functional peripherals (MFPs), laser printers and digital printing systems. Its optics business offers high-value-added plastic and glass molded lenses, glass substrates for hard disk drives and display materials. Its healthcare business offers digital imaging technology. Its Sensing business provides customers with the products they need for precise measurements. Industrial Inkjet business offers high-performance printheads, multi-function inks, print units for label printing, and textile printing systems. Its Planetarium business is a comprehensive manufacturer of planetariums, from development and production of planetariums and projectors to show production and theater management. Konica Minolta Holdings, Inc. is headquartered in Tokyo, Japan. “

Shares of Konica Minolta (NASDAQ:KNCAY) traded up 2.16% during midday trading on Wednesday, reaching $17.09. 4,158 shares of the company’s stock were exchanged. The stock has a market capitalization of $4.23 billion and a P/E ratio of 13.52. The firm has a 50-day moving average of $17.28 and a 200-day moving average of $16.58. Konica Minolta has a 12-month low of $13.93 and a 12-month high of $23.70.

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Konica Minolta Company Profile

KONICA MINOLTA, INC. is a Japan-based company. The Company operates four business segments through its subsidiaries and associated companies. The Information Equipment segment manufactures and sells multifunction printers (MFPs), printers and related materials. This segment also provides solution services.

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