Hitachi (OTCMKTS:HTHIY) Stock Rating Cut to “Hold” at Zacks Research

Hitachi (OTCMKTS:HTHIY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Separately, Sanford C. Bernstein began coverage on Hitachi in a research report on Tuesday, September 15th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hitachi Stock Performance

Shares of HTHIY opened at $30.31 on Monday. Hitachi has a 1 year low of $27.22 and a 1 year high of $39.00. The stock has a market capitalization of $137.47 billion, a PE ratio of 28.59, a PEG ratio of 1.12 and a beta of 1.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.83 and a current ratio of 1.09. The stock has a 50-day simple moving average of $34.56 and a 200-day simple moving average of $32.43.

Hitachi (OTCMKTS:HTHIY) last announced its quarterly earnings data on Wednesday, October 28th. The conglomerate reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $18.40 billion during the quarter, compared to analysts’ expectations of $18.51 billion. Hitachi had a net margin of 6.53% and a return on equity of 10.94%. On average, analysts predict that Hitachi will post 1.31 earnings per share for the current fiscal year.

Hitachi Company Profile

Hitachi Ltd. is a Japanese technology and industrial company that develops products, systems and services for businesses, governments and consumers. Its activities span digital services and information technology, energy systems, transportation, industrial equipment and building systems. The company supplies software, IT and systems-integration services, power-grid and energy technologies, rail vehicles and signaling systems, and industrial machinery and automation solutions. Its portfolio also includes products and services for buildings, such as elevators and escalators.