SMC (OTCMKTS:SMCAY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of SMC (OTCMKTS:SMCAY) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

SMCAY has been the topic of a number of other research reports. Jefferies Financial Group raised shares of SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

SMC Stock Down 0.2%

SMC stock opened at $24.62 on Tuesday. The company has a market capitalization of $31.45 billion, a PE ratio of 23.90, a PEG ratio of 1.69 and a beta of 1.10. SMC has a 12-month low of $14.31 and a 12-month high of $27.77. The firm’s fifty day moving average is $22.12 and its 200 day moving average is $21.97.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings results on Friday, August 7th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.10. SMC had a net margin of 21.94% and a return on equity of 9.40%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Sell-side analysts expect that SMC will post 1.1 EPS for the current fiscal year.

About SMC

SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers air management system, directional control valves, air cylinders, rotatory actuators/air grippers, electric actuators/cylinders, fitting and tubing, and modular F.R.L./pressure control equipment, as well as vacuum, air preparation, and lubrication equipment. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.