Panasonic (PCRFY) Rating Increased to Buy at Zacks Investment Research

Panasonic (OTCMKTS:PCRFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The firm currently has a $16.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 12.76% from the stock’s current price.

According to Zacks, “PANASONIC CORPORATION is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. “

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A number of other equities research analysts also recently weighed in on the company. ValuEngine raised Panasonic from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd. Goldman Sachs raised Panasonic from a “neutral” rating to a “buy” rating in a report on Friday, March 9th.

PCRFY stock opened at $14.19 on Friday. Panasonic has a twelve month low of $11.21 and a twelve month high of $16.20. The stock has a market cap of $32,934.51, a P/E ratio of 23.65, a PEG ratio of 0.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.81 and a current ratio of 1.14.

Panasonic (OTCMKTS:PCRFY) last released its earnings results on Monday, February 5th. The company reported $0.31 earnings per share for the quarter. Panasonic had a return on equity of 9.48% and a net margin of 2.22%. The business had revenue of $18.20 billion for the quarter. sell-side analysts predict that Panasonic will post 0.78 earnings per share for the current fiscal year.

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About Panasonic

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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