Zacks Research Upgrades Mitsui & Co. (OTCMKTS:MITSY) to Strong-Buy

Mitsui & Co. (OTCMKTS:MITSY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Mitsui & Co. Trading Down 1.7%

OTCMKTS:MITSY opened at $638.85 on Tuesday. Mitsui & Co. has a 12 month low of $480.35 and a 12 month high of $835.49. The company has a current ratio of 1.45, a quick ratio of 1.22 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $91.25 billion, a P/E ratio of 15.06, a PEG ratio of 1.14 and a beta of 0.49. The firm has a fifty day simple moving average of $636.91 and a 200-day simple moving average of $668.28.

Mitsui & Co. (OTCMKTS:MITSY) last issued its quarterly earnings data on Monday, August 3rd. The industrial products company reported $13.01 EPS for the quarter, topping analysts’ consensus estimates of $9.36 by $3.65. Mitsui & Co. had a net margin of 6.22% and a return on equity of 10.67%. The business had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $22.29 billion. On average, equities research analysts anticipate that Mitsui & Co. will post 48.18 earnings per share for the current year.

About Mitsui & Co.

Mitsui & Co, Ltd. is a Japanese general trading and investment company, commonly known as a sogo shosha. The company develops businesses, arranges the international trade of goods and services, and invests in projects and operating companies across a broad range of industries.

Its activities include mineral and metal resources, energy, infrastructure, mobility, machinery, chemicals, food and agriculture, healthcare, retail, information technology, and communications. Mitsui participates in areas such as natural gas and energy development, transportation and industrial equipment, logistics, digital services, and food distribution, often working with business partners and portfolio companies to build supply chains and operate projects.

Mitsui traces its modern corporate history to the establishment of Mitsui & Co in 1947, building on the longer commercial heritage of the Mitsui business group.