Zacks Research Downgrades SMC (OTCMKTS:SMCAY) to Hold

SMC (OTCMKTS:SMCAY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts also recently commented on the company. Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a research note on Tuesday, June 16th. The Goldman Sachs Group downgraded SMC from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, SMC has an average rating of “Hold”.

SMC Stock Down 0.8%

SMCAY stock opened at $22.54 on Monday. The company has a 50 day moving average of $22.13 and a two-hundred day moving average of $21.41. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.33 and a beta of 1.10. SMC has a 12-month low of $14.31 and a 12-month high of $27.77.

SMC (OTCMKTS:SMCAY) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. SMC had a net margin of 19.84% and a return on equity of 8.15%. The business had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.45 billion. On average, research analysts anticipate that SMC will post 0.93 EPS for the current year.

SMC Company Profile

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.