ASAHI KASEI CORP ADR EA REP 2 (NASDAQ:AHKSY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The brokerage presently has a $18.00 target price on the stock. Zacks Investment Research’s price target would suggest a potential upside of 35.75% from the stock’s previous close.
According to Zacks, “ASAHI KASEI CORPORATION, provides innovative solutions based in chemistry and materials science to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. On October 1, 2003, all core operations were transferred to wholly owned constituent corporations as autonomous operating business units. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group not included in the constituent corporations provides group services. “
ASAHI KASEI CORP ADR EA REP 2 (NASDAQ:AHKSY) opened at 15.84 on Tuesday. ASAHI KASEI CORP ADR EA REP 2 has a 52 week low of $11.15 and a 52 week high of $16.95. The stock has a 50 day moving average of $16.16 and a 200 day moving average of $14.53. The company has a market cap of $11.06 billion and a PE ratio of 12.02.
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