Hoya (OTCMKTS:HOCPY) Upgraded to Strong-Buy at The Goldman Sachs Group

Key Points

• Hoya (OTCMKTS:HOCPY) received an upgrade from The Goldman Sachs Group, moving its rating to strong-buy from a previous rating of 'hold'.
• Erste Group Bank also upgraded Hoya to a strong-buy rating, indicating a positive outlook from multiple analysts.
• Hoya reported earnings per share of $0.98 for the last quarter, slightly missing consensus estimates, but had revenue of $1.52 billion, surpassing expectations.

The Goldman Sachs Group upgraded shares of Hoya (OTCMKTS:HOCPY - Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Separately, Erste Group Bank raised Hoya from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 23rd.

Hoya Stock Performance

Shares of Hoya stock traded down $0.40 on Wednesday, hitting $130.80. The stock had a trading volume of 15,382 shares, compared to its average volume of 28,300. The stock has a market cap of $44.88 billion, a price-to-earnings ratio of 34.44, a price-to-earnings-growth ratio of 2.58 and a beta of 0.90. The company has a quick ratio of 4.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.03. Hoya has a twelve month low of $97.49 and a twelve month high of $148.27. The business's 50 day moving average is $119.98 and its two-hundred day moving average is $120.11.

Hoya (OTCMKTS:HOCPY - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.01). Hoya had a net margin of 23.22% and a return on equity of 20.43%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.50 billion. Analysts forecast that Hoya will post 3.66 EPS for the current year.

About Hoya

HOYA Corporation, a med-tech company, provides high-tech and medical products worldwide. It operates through three segments: Life Care, Telecommunication, and Other. The company offers life care products, including eyeglass and contact lenses; medical endoscopes; intraocular lenses; laparoscopic surgical instruments; automatic endoscope cleaning equipment; and other medical related products, such as prosthetic ceramic fillers and metallic implants for orthopedics.