Zacks Investment Research Upgrades ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) to Buy

Zacks Investment Research upgraded shares of ASAHI KASEI COR/ADR (OTCMKTS:AHKSY) from a hold rating to a buy rating in a research note published on Wednesday, Zacks.com reports. Zacks Investment Research currently has $25.00 price objective on the stock.

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. “

Separately, ValuEngine upgraded ASAHI KASEI COR/ADR from a sell rating to a hold rating in a report on Tuesday, December 3rd.

Shares of AHKSY opened at $22.62 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 1.51. The stock has a 50 day simple moving average of $22.42 and a 200 day simple moving average of $20.65. ASAHI KASEI COR/ADR has a 52-week low of $17.13 and a 52-week high of $23.98. The firm has a market capitalization of $15.86 billion, a PE ratio of 11.14 and a beta of 0.69.

ASAHI KASEI COR/ADR Company Profile

Asahi Kasei Corporation manufactures, processes, and sells chemical products in Japan and internationally. The company operates in three segments: Material, Homes, and Health Care. It offers cupro fiber, lining fabric, stretch fiber, spunbond nonwoven, cupro nonwoven fabric, microfiber suede, oil-water separator, deodorizing nonwoven, heat-press formable thermoplastic nonwoven, noise suppression sheet, filament, flame-resistant fiber, honeycomb fabric, cellulose nanobead, and elastic electric wire products.

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