Zacks Investment Research upgraded shares of CENT JAPAN RWY/ADR (OTCMKTS:CJPRY) from a hold rating to a strong-buy rating in a report issued on Friday morning, Zacks.com reports. The brokerage currently has $23.00 price target on the stock.
According to Zacks, “Central Japan Railway Company operates Tokaido Shinkansen, transportation artery linking metropolitan areas of Tokyo, Nagoya, and Osaka. The company also operates a network of conventional lines centered on the Nagoya and Shizuoka areas. In addition, the company provides bus services, as well as logistics, travel agency, advertising, construction and construction consulting, linen supply, track maintenance, and rolling stock and machinery maintenance services. Further, it involves in the department store operations; wholesale and retail of food and beverages; sale and lease of real estate; hotel business; and development, improvement, and maintenance of computer systems. Central Japan Railway Company is headquartered in Nagoya, Japan. “
Shares of OTCMKTS:CJPRY opened at $19.44 on Friday. The stock has a 50 day moving average of $20.28. The firm has a market cap of $38.17 billion, a price-to-earnings ratio of 9.58, a P/E/G ratio of 9.36 and a beta of 0.28. CENT JAPAN RWY/ADR has a twelve month low of $18.15 and a twelve month high of $24.38. The company has a current ratio of 5.58, a quick ratio of 5.51 and a debt-to-equity ratio of 1.35.
Central Japan Railway Company engages in the railway and related businesses in Japan. The company operates through Transportation, Merchandise and Other, Real Estate, and Other segments. It primarily operates Tokaido Shinkansen, a transportation artery that links metropolitan areas of Tokyo, Nagoya, and Osaka, as well as operates a network of 12 conventional lines centered on the Nagoya and Shizuoka areas.
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