Zacks Investment Research upgraded shares of FUJIFILM Holdings Co. American Depositary Shares (OTCMKTS:FUJIY) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning. The firm currently has $47.00 price target on the technology company’s stock.
According to Zacks, “FUJIFIM is benefiting from robust performance of Healthcare and Material & Imaging Solutions segments. The company’s buyout of Irvine Scientific Sales (ISUS) and IS JAPAN (ISJ) in April this year is helping it to expand in the fast growing healthcare sector. Additionally, continuing solid performance from photo imaging, electronic imaging and optical device businesses are expected to drive Material & Imaging Solutions segments top-line growth. Moreover, FUJIFIM is using artificial intelligence (AI) to assist in development of new products and deliver services to its users’, which is a positive. However, choppy Document Solutions business remains a concern, as evident from second-quarter fiscal 2019 results. Moreover, escalating tension over the future of the joint venture (JV) with Xerox is a major headwind. Also shares have underperformed the industry on a year-to-date basis.”
Separately, ValuEngine upgraded FUJIFILM Holdings Co. American Depositary Shares from a hold rating to a buy rating in a report on Wednesday, September 26th.
FUJIY opened at $39.20 on Wednesday. The firm has a market capitalization of $17.15 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.74 and a beta of 0.34. FUJIFILM Holdings Co. American Depositary Shares has a 12-month low of $36.91 and a 12-month high of $46.87. The company has a quick ratio of 2.22, a current ratio of 2.84 and a debt-to-equity ratio of 0.18.
FUJIFILM Holdings Co. American Depositary Shares (OTCMKTS:FUJIY) last released its earnings results on Wednesday, November 7th. The technology company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.14. FUJIFILM Holdings Co. American Depositary Shares had a return on equity of 5.74% and a net margin of 5.56%. The company had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.68 billion. Sell-side analysts anticipate that FUJIFILM Holdings Co. American Depositary Shares will post 2.85 EPS for the current fiscal year.
About FUJIFILM Holdings Co. American Depositary Shares
FUJIFILM Holdings Corporation develops, produces, sells, and services imaging, information, and document solutions worldwide. Its photo and electronic imaging solutions include color films and others, such as color negative films, single-use cameras, color reversal films, and instant films; color paper and chemicals comprising photographic paper for color prints, inkjet papers, and photofinishing chemicals; photofinishing equipment consisting of film processors/printing equipment, digital minilabs/inkjet-system dry minilabs, and thermal photo printers; digital cameras and camera accessories; and TV camera/cine, and security lenses, as well as film processing and photo printing services.
Further Reading: How can you know how many shares are floating?
Get a free copy of the Zacks research report on FUJIFILM Holdings Co. American Depositary Shares (FUJIY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for FUJIFILM Holdings Co. American Depositary Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FUJIFILM Holdings Co. American Depositary Shares and related companies with MarketBeat.com's FREE daily email newsletter.