Fanuc (OTCMKTS:FANUY) Stock Rating Lowered by Hsbc Global Res

Key Points

• Hsbc Global Res has downgraded Fanuc from a "strong-buy" rating to a "hold" rating, reflecting a shift in analyst sentiment.
• In contrast, UBS Group upgraded Fanuc from a "hold" rating to a "strong-buy" just a day earlier, indicating mixed analyst opinions.
• Fanuc recently reported earnings of $0.14 per share for the quarter, slightly exceeding analysts' expectations of $0.13.

Fanuc (OTCMKTS:FANUY - Get Free Report) was downgraded by equities research analysts at Hsbc Global Res from a "strong-buy" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

Separately, UBS Group raised shares of Fanuc from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 20th.

Fanuc Stock Performance

Shares of OTCMKTS:FANUY traded up $0.42 during midday trading on Wednesday, reaching $15.31. 315,894 shares of the company's stock were exchanged, compared to its average volume of 464,197. The company's 50 day simple moving average is $13.54 and its two-hundred day simple moving average is $13.60. The firm has a market capitalization of $30.08 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 7.43 and a beta of 0.65. Fanuc has a 12 month low of $10.54 and a 12 month high of $15.50.

Fanuc (OTCMKTS:FANUY - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The industrial products company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. Fanuc had a net margin of 19.62% and a return on equity of 9.10%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.35 billion. On average, research analysts anticipate that Fanuc will post 0.46 earnings per share for the current year.

About Fanuc

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.