Panasonic (PCRFY) Upgraded to Buy by Zacks Investment Research

Panasonic (OTCMKTS:PCRFY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $16.00 target price on the stock. Zacks Investment Research‘s price target suggests a potential upside of 10.15% from the stock’s previous close.

According to Zacks, “PANASONIC CORPORATION is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. The company’s shares are listed on the Tokyo, Osaka, Nagoya and New York stock exchanges. “

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A number of other brokerages also recently issued reports on PCRFY. Goldman Sachs upgraded shares of Panasonic from a “neutral” rating to a “buy” rating in a research report on Friday, March 9th. ValuEngine upgraded shares of Panasonic from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd.

Shares of Panasonic stock opened at $14.53 on Friday. The company has a market cap of $33,688.82, a P/E ratio of 24.21, a P/E/G ratio of 0.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.79 and a current ratio of 1.15. Panasonic has a 1 year low of $11.47 and a 1 year high of $16.20.

Panasonic (OTCMKTS:PCRFY) last posted its earnings results on Monday, February 5th. The company reported $0.31 earnings per share for the quarter. Panasonic had a net margin of 2.22% and a return on equity of 9.38%. The firm had revenue of $18.20 billion for the quarter. equities research analysts forecast that Panasonic will post 0.84 EPS for the current year.

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About Panasonic

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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