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. “
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.
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.
WARNING: This news story was first reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3337636/panasonic-pcrfy-upgraded-to-buy-at-zacks-investment-research.html.
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.
Receive News & Ratings for Panasonic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panasonic and related companies with MarketBeat.com's FREE daily email newsletter.