Mitsui & Co. (OTCMKTS:MITSY) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded Mitsui & Co. from “hold” to “strong buy,” signaling increased analyst confidence in the stock.
• Mitsui shares opened at $638.85, down 1.7%, with a $91.25 billion market capitalization and a 12-month trading range of $480.35 to $835.49.
• The company substantially exceeded quarterly expectations, reporting $13.01 in EPS versus the $9.36 consensus and revenue of $27.77 billion versus estimates of $22.29 billion.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Tuesday, Zacks reports.

Mitsui & Co. Trading Down 1.7%

Shares of MITSY opened at $638.85 on Tuesday. Mitsui & Co. has a twelve month low of $480.35 and a twelve month high of $835.49. The stock has a market cap of $91.25 billion, a PE ratio of 15.06, a P/E/G ratio of 1.14 and a beta of 0.49. The company has a quick ratio of 1.22, a current ratio of 1.45 and a debt-to-equity ratio of 0.55. The business's 50-day moving average price is $636.91 and its 200-day moving average price is $668.28.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The industrial products company reported $13.01 EPS for the quarter, beating analysts' consensus estimates of $9.36 by $3.65. The company had revenue of $27.77 billion during the quarter, compared to analyst estimates of $22.29 billion. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. On average, equities analysts forecast that Mitsui & Co. will post 48.18 EPS for the current fiscal year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.