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. “

How to Become a New Pot Stock Millionaire

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.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/09/panasonic-pcrfy-rating-increased-to-buy-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Panasonic (PCRFY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Panasonic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panasonic and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply