Zacks: Kobe Steel, Ltd. (KBSTY) Receives Consensus Rating of “Strong Buy” from Brokerages
Shares of Kobe Steel, Ltd. (NASDAQ:KBSTY) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Zacks has also given Kobe Steel an industry rank of 181 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Kobe Steel from a “buy” rating to a “hold” rating in a report on Wednesday.
Kobe Steel (NASDAQ:KBSTY) opened at 3.99 on Thursday. The company has a market cap of $2.89 billion and a P/E ratio of 77.48. The stock has a 50 day moving average of $5.77 and a 200 day moving average of $5.21. Kobe Steel has a 52 week low of $3.90 and a 52 week high of $6.26.
About Kobe Steel
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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