Mitsui & Co. (OTCMKTS:MITSY) Stock Lifted to Strong-Buy by Zacks Research

Zacks Research upgraded shares of Mitsui & Co. (OTCMKTS:MITSY) from a hold rating to a strong-buy rating in a research note released on Tuesday,Zacks reports.

Mitsui & Co. Stock Performance

Shares of OTCMKTS:MITSY opened at $638.85 on Tuesday. The stock has a market capitalization of $91.25 billion, a P/E ratio of 15.06, a P/E/G ratio of 1.14 and a beta of 0.49. Mitsui & Co. has a 1-year low of $480.35 and a 1-year high of $835.49. The company has a current ratio of 1.45, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55. The business has a 50-day moving average price of $636.91 and a two-hundred day moving average price of $668.28.

Mitsui & Co. (OTCMKTS:MITSY) last released its earnings results on Monday, August 3rd. The industrial products company reported $13.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.36 by $3.65. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $22.29 billion. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. Equities analysts predict that Mitsui & Co. will post 48.18 earnings per share for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.