Zacks Research Upgrades Shin-Etsu Chemical (OTCMKTS:SHECY) to "Hold"

Key Points

• Zacks Research upgraded Shin-Etsu Chemical (OTCMKTS:SHECY) to a "Hold" rating in a research note issued Tuesday.
• The company reported $0.22 EPS and $4.22 billion in revenue for the quarter, with a net margin of ~18.96% and ROE of ~10.75%, and analysts forecast ~0.86 EPS for the current fiscal year.
• Shares opened at $20.77 (1‑year range $12.50–$21.28) with a market cap of $82.46 billion, P/E of 24.15, strong liquidity (current ratio 6.26) and very low leverage (debt/equity 0.05).

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) was upgraded by stock analysts at Zacks Research to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

Shin-Etsu Chemical Stock Up 0.2%

Shares of Shin-Etsu Chemical stock opened at $20.77 on Tuesday. Shin-Etsu Chemical has a 1 year low of $12.50 and a 1 year high of $21.28. The company has a market cap of $82.46 billion, a P/E ratio of 24.15 and a beta of 1.28. The company has a current ratio of 6.26, a quick ratio of 4.66 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $18.96 and a 200 day moving average price of $16.92.

Shin-Etsu Chemical (OTCMKTS:SHECY - Get Free Report) last released its earnings results on Tuesday, January 27th. The basic materials company reported $0.22 earnings per share for the quarter. The company had revenue of $4.22 billion for the quarter. Shin-Etsu Chemical had a return on equity of 10.75% and a net margin of 18.96%. As a group, analysts expect that Shin-Etsu Chemical will post 0.86 EPS for the current fiscal year.

Shin-Etsu Chemical Company Profile

Shin-Etsu Chemical is a large Japanese chemical company that manufactures a broad range of basic and specialty chemical products for industrial and technology customers. The company is known for production of polyvinyl chloride (PVC) and related vinyl products, silicones and silicone-based compounds, and high-purity silicon materials used in semiconductor and photovoltaic industries. Its product mix spans commodity chemicals for construction and plumbing as well as higher-margin specialty materials for electronics and precision manufacturing.

Key product lines include PVC resins and compounds for infrastructure and building applications; silicones and silicone elastomers used across automotive, healthcare and consumer markets; and semiconductor-grade silicon and silicon wafers that supply chipmakers and solar-cell manufacturers.

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