Zacks Investment Research Upgrades ASAHI KASEI CORP ADR EA REP 2 (AHKSY) to Buy
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 note issued to investors on Tuesday. The firm currently has a $18.00 target price on the stock. Zacks Investment Research’s price objective points to 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. “
Shares of ASAHI KASEI CORP ADR EA REP 2 (NASDAQ:AHKSY) traded up 0.19% during midday trading on Tuesday, hitting $15.89. The stock had a trading volume of 995 shares. The stock’s 50-day moving average price is $16.22 and its 200 day moving average price is $14.51. ASAHI KASEI CORP ADR EA REP 2 has a 52 week low of $11.15 and a 52 week high of $16.95. The company has a market cap of $11.10 billion and a price-to-earnings ratio of 12.11.
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