Hitachi (OTCMKTS:HTHIY) Stock Rating Lowered by Zacks Research

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

Separately, Sanford C. Bernstein assumed coverage on Hitachi in a research report on Tuesday, September 15th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Hitachi has a consensus rating of “Buy”.

Hitachi Trading Down 0.9%

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 company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.08. The company has a market cap of $137.47 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.03. The company has a fifty day moving average price of $34.56 and a two-hundred day moving average price of $32.43.

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

About Hitachi

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.