Mitsui & Co. (OTCMKTS:MITSY) Hits New 1-Year High - Still a Buy?

Key Points

• Mitsui & Co. reached a new 52-week high at $495.00 and last traded at $486.15, experiencing a trading volume of 14,798 shares.
• Analysts have upgraded Mitsui & Co. to a "strong-buy" rating, with a consensus view continuing to support this favorable outlook.
• The company reported earnings of $9.23 per share for the last quarter, which missed consensus estimates, alongside revenues of $21.93 billion, falling short of anticipated figures.

Mitsui & Co. (OTCMKTS:MITSY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $495.00 and last traded at $486.15, with a volume of 14798 shares changing hands. The stock had previously closed at $476.27.

Analysts Set New Price Targets

Separately, Nomura Securities upgraded Mitsui & Co. to a "strong-buy" rating in a research report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Mitsui & Co. Price Performance

The stock has a 50 day simple moving average of $434.86 and a two-hundred day simple moving average of $406.97. The company has a market cap of $71.37 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 1.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.57 and a quick ratio of 1.32.

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