Panasonic (PCRFY) Upgraded to “Buy” at Zacks Investment Research

Panasonic (OTCMKTS:PCRFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Saturday. The brokerage presently has a $16.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 12.76% from the stock’s current price.

According to Zacks, “PANASONIC CORPORATION is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. “

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A number of other research analysts also recently commented on PCRFY. Goldman Sachs raised shares of Panasonic from a “neutral” rating to a “buy” rating in a report on Friday, March 9th. ValuEngine raised shares of Panasonic from a “buy” rating to a “strong-buy” rating in a report on Monday, April 2nd.

Shares of OTCMKTS:PCRFY opened at $14.19 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.14 and a debt-to-equity ratio of 0.52. Panasonic has a 12 month low of $11.21 and a 12 month high of $16.20. The stock has a market capitalization of $33,340.68, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 0.60 and a beta of 1.31.

Panasonic (OTCMKTS:PCRFY) last announced its quarterly earnings results on Monday, February 5th. The company reported $0.31 EPS for the quarter. Panasonic had a net margin of 2.22% and a return on equity of 9.48%. The firm had revenue of $18.20 billion during the quarter. sell-side analysts forecast that Panasonic will post 0.78 earnings per share for the current year.

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About Panasonic

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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