SHOWA DENKO KK/ADR (SHWDY) Upgraded to “Strong-Buy” by Zacks Investment Research

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SHOWA DENKO KK/ADR (OTCMKTS:SHWDY) was upgraded by Zacks Investment Research from a “sell” rating to a “strong-buy” rating in a report released on Wednesday, Zacks.com reports. The brokerage presently has a $42.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.55% from the stock’s current price.

According to Zacks, “Showa Denko K.K. is engaged in chemical business. The company’s business segment consists of Petrochemical, Chemicals, Inorganics, Aluminum, Electronics and Advanced Battery Materials. Showa Denko K.K. is based in Minato-Ku, Japan. “

SHOWA DENKO KK/ADR stock opened at $37.65 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.38 and a debt-to-equity ratio of 0.35. The stock has a market cap of $56.37 billion, a PE ratio of 4.22, a PEG ratio of 1.01 and a beta of 1.79. SHOWA DENKO KK/ADR has a 1-year low of $30.35 and a 1-year high of $51.81.

SHOWA DENKO KK/ADR (OTCMKTS:SHWDY) last posted its earnings results on Thursday, February 14th. The company reported $2.54 earnings per share for the quarter. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.32 billion. SHOWA DENKO KK/ADR had a net margin of 13.77% and a return on equity of 41.79%. Sell-side analysts predict that SHOWA DENKO KK/ADR will post 8.12 earnings per share for the current year.

SHOWA DENKO KK/ADR Company Profile

Showa Denko K.K. operates as a chemical company in Japan and internationally. It operates in six segments: Petrochemicals, Chemicals, Electronics, Inorganics, Aluminum, and Others. The Petrochemicals segment offers olefins, including ethylene, propylene, C4 fraction, cracked fuel oils, etc.; and organic chemicals, including vinyl acetate monomer, vinyl and ethyl acetate, allyl alcohol, acetaldehyde, acetic acid, and allyl ester resins, as well as polypropylene.

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