Smc Corp Spon (NASDAQ:SMCAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Saturday. The firm currently has a $20.00 price target on the stock.

According to Zacks, “SMC Corp. engages in the manufacture, processing and sale of automatic control equipment. It also manufactures and sells filters and filtration equipment. The company operates through the Automatic Control Equipment and Others segments. Automatic Control Equipment segment manufactures and sale of air preparation equipment, pressure control equipment, directional control valves and actuators. Others segment includes the commercial warehousing business. SMC Corp. is headquartered in Tokyo, Japan. “

Smc Corp Spon (NASDAQ SMCAY) opened at 17.81 on Friday. Smc Corp Spon has a 12-month low of $11.51 and a 12-month high of $18.01. The firm has a 50-day moving average of $16.61 and a 200 day moving average of $15.37. The firm has a market capitalization of $23.94 billion and a price-to-earnings ratio of 21.04.

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