Kobe Steel, Ltd. (NASDAQ:KBSTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm presently has a $6.75 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 14.80% from the stock’s previous close.

According to Zacks, “Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The company offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others. The Machinery segment manufactures and sells various energy, chemical and nuclear power-related equipment. The Engineering segment conducts engineering works and provides new transportation systems. The Kobelco Eco-Solutions provides water treatment plants, chemical and food-related equipment. The Kobelco Construction Machinery segment offers hydraulic and mini excavators. The Kobelco Crane segment provides crawler cranes and rough terrain cranes. The others segment develops and leases real estate. “

Kobe Steel (NASDAQ KBSTY) opened at 5.88 on Friday. Kobe Steel has a 52-week low of $3.97 and a 52-week high of $6.26. The firm has a market cap of $4.26 billion and a price-to-earnings ratio of 115.29. The company’s 50-day moving average price is $5.94 and its 200-day moving average price is $5.06.

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Kobe Steel Company Profile

Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The Welding segment offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others.

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