Hitachi (OTCMKTS:HTHIY) Stock Rating Cut to Hold at Zacks Research

Zacks Research cut shares of Hitachi (OTCMKTS:HTHIY) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks reports.

Separately, Sanford C. Bernstein initiated coverage on shares of Hitachi in a research note on Tuesday, September 15th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Hitachi Stock Performance

HTHIY stock opened at $30.31 on Monday. The firm has a market cap of $137.47 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 1.12 and a beta of 1.03. The firm has a 50-day simple moving average of $34.56 and a two-hundred day simple moving average of $32.43. Hitachi has a one year low of $27.22 and a one year high of $39.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.09.

Hitachi (OTCMKTS:HTHIY) last released its quarterly earnings results on Wednesday, October 28th. The conglomerate reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $18.40 billion during the quarter, compared to the consensus estimate of $18.51 billion. Hitachi had a net margin of 6.53% and a return on equity of 10.94%. On average, equities analysts forecast that Hitachi will post 1.31 EPS for the current fiscal year.

Hitachi Company Profile

Hitachi Ltd. is a Japanese technology and industrial company that develops products, systems and services for businesses, governments and consumers. Its activities span digital services and information technology, energy systems, transportation, industrial equipment and building systems. The company supplies software, IT and systems-integration services, power-grid and energy technologies, rail vehicles and signaling systems, and industrial machinery and automation solutions. Its portfolio also includes products and services for buildings, such as elevators and escalators.