Mitsubishi Chemical (MTLHY) Rating Increased to Buy at Zacks Investment Research

Mitsubishi Chemical (OTCMKTS:MTLHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $52.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.31% from the stock’s previous close.

According to Zacks, “Mitsubishi Chemical Holdings Corporation engages in the production and sale of various chemical, healthcare, and performance products primarily in Japan. The company’s Electronics Applications segment offers optical recording media, display materials, and polyester films. Its Designed Materials segment engages in the business related to aluminum composite materials, sales of construction and industrial materials, plastic shrinkable labels for PET bottles and heat shrinkable tubes. The company’s Health Care segment is involved in businesses related to chemicals and related products, manufacture and sale of pharmaceuticals, clinical testing and diagnostics. Its Chemicals segment engages in the businesses of industrial and specialty chemicals, nonionic surfactants, glycol ethers, and fine chemicals. The company’s Polymers segment’s businesses comprise activities in the areas of PET, polyethylene, and nylon resins for automotive industry. Mitsubishi Chemical Holdings Corporation is headquartered in Tokyo, Japan. “

Separately, ValuEngine raised shares of Mitsubishi Chemical from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd.

Shares of OTCMKTS:MTLHY opened at $46.30 on Wednesday. Mitsubishi Chemical has a 52 week low of $36.86 and a 52 week high of $58.82. The company has a quick ratio of 0.99, a current ratio of 1.39 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $14.07 billion, a price-to-earnings ratio of 9.61 and a beta of 1.21.

About Mitsubishi Chemical

Mitsubishi Chemical Holdings Corporation engages in the performance products, industrial materials, and health care businesses in Japan and internationally. It operates in five segments: Electronics Applications, Designed Materials, Health Care, Chemicals, and Polymers. The company offers thermoplastic elastomer, phenol and polycarbonate, bio-based engineering plastic, and polybutylene terephthalate products; acrylic and epoxy resins, sugar esters, and resin additives; optical clear adhesive sheets and films, optical polyvinyl alcohol films, color resists, and precision cleaning products; food packaging and acrylic, and sanitary films, as well as moisture-proof polyvinyl chloride sheets for tablet and capsule packaging; and artificial light-type plant growing systems, and fiber reinforced plastic and stainless steel panel water tanks, as well as water treatment components, equipment, and facilities.

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