Mitsui & Co. (OTCMKTS:MITSY) Lowered to Hold Rating by Zacks Research

Key Points

• Mitsui & Co. was downgraded from a "strong-buy" to a "hold" rating by Zacks Research, following a report published on Tuesday.
• Despite the downgrade from Zacks, Nomura Securities has upgraded the stock to a "strong-buy," resulting in a mixed overall consensus rating of "Buy" among analysts.
• The company's recent quarterly earnings showed a miss on estimates, with earnings per share at $9.23 against the expected $9.29, and revenue at $21.93 billion compared to the anticipated $25.80 billion.

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

Separately, Nomura Securities raised Mitsui & Co. to a "strong-buy" rating in a research note on Wednesday, May 28th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy".

Mitsui & Co. Trading Down 0.8%

Shares of MITSY opened at $495.15 on Tuesday. The business's 50-day moving average price is $438.43 and its 200 day moving average price is $408.21. The stock has a market capitalization of $71.15 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.40 and a beta of 0.67. Mitsui & Co. has a 1-year low of $333.10 and a 1-year high of $523.39. The company has a current ratio of 1.57, a quick ratio of 1.32 and a debt-to-equity ratio of 0.53.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The industrial products company reported $9.23 earnings per share for the quarter, missing analysts' consensus estimates of $9.29 by ($0.06). The company had revenue of $21.93 billion during the quarter, compared to analysts' expectations of $25.80 billion. Mitsui & Co. had a return on equity of 10.48% and a net margin of 5.77%. Analysts expect that Mitsui & Co. will post 42.43 earnings per share for the current year.

Mitsui & Co. Company Profile

Mitsui & Co, Ltd. operates as an trading and investment company worldwide. The company engages in the manufacture and sale of steel products; steel processing, maintenance, and recycling activities; investment, development, and trading of mineral and metal resources, as well as resource recycling and industrial developing solutions; and upstream development, logistics, and trading of energy resources, such as natural gas/LNG, oil, coal, and uranium.

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