Hitachi (OTCMKTS:HTHIY) Upgraded by Zacks Research to “Strong-Buy” Rating

Hitachi (OTCMKTS:HTHIY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday, Zacks reports.

Hitachi Trading Up 1.8%

Shares of Hitachi stock opened at $34.50 on Wednesday. Hitachi has a 52-week low of $25.28 and a 52-week high of $39.00. The stock’s 50-day simple moving average is $31.94 and its 200 day simple moving average is $31.40. The stock has a market capitalization of $156.48 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.85 and a current ratio of 1.09.

Hitachi (OTCMKTS:HTHIY) last issued its earnings results on Wednesday, July 29th. The conglomerate reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. The firm had revenue of $16.53 billion during the quarter, compared to analyst estimates of $15.50 billion. Hitachi had a net margin of 7.30% and a return on equity of 12.07%. Hitachi has set its FY 2026 guidance at 1.257-1.257 EPS. As a group, research analysts anticipate that Hitachi will post 1.36 EPS for the current year.

Hitachi Company Profile

Hitachi, Ltd. (OTCMKTS:HTHIY) is a Tokyo-headquartered multinational conglomerate that operates a diversified portfolio of businesses spanning information technology, energy and power systems, industrial machinery, transportation systems, and digital solutions. Founded in 1910 by engineer Namihei Odaira in the city of Hitachi, Ibaraki Prefecture, the company grew from an electrical repair shop and early induction motor manufacturing into a global engineering and technology group. Hitachi positions itself as a “social innovation” company, combining operational technology, information technology and domain knowledge to address infrastructure and industry challenges.

The company’s activities include design and manufacture of heavy industrial equipment and construction machinery, delivery of rail and urban transportation systems, development and provision of power generation and grid equipment, and enterprise IT services including systems integration and cloud solutions.