ASAHI KASEI CORP ADR EA REP 2 (AHKSY) Raised to Buy at Zacks Investment Research
ASAHI KASEI CORP ADR EA REP 2 (NASDAQ:AHKSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $18.00 price target on the stock. Zacks Investment Research’s price objective indicates a potential upside of 35.75% from the stock’s current price.
According to Zacks, “ASAHI KASEI CORPORATION, provides innovative solutions based in chemistry and materials science to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. On October 1, 2003, all core operations were transferred to wholly owned constituent corporations as autonomous operating business units. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group not included in the constituent corporations provides group services. “
ASAHI KASEI CORP ADR EA REP 2 (NASDAQ:AHKSY) traded up 0.57% during mid-day trading on Tuesday, reaching $15.95. The company’s stock had a trading volume of 546 shares. ASAHI KASEI CORP ADR EA REP 2 has a one year low of $11.15 and a one year high of $16.95. The firm has a market cap of $11.14 billion and a PE ratio of 12.16. The stock’s 50 day moving average is $16.22 and its 200 day moving average is $14.51.
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