Kuraray (OTCMKTS:KURRY) Lifted to “Buy” at Zacks Investment Research

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Kuraray (OTCMKTS:KURRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday, Zacks.com reports. The brokerage presently has a $38.00 price objective on the stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.29% from the company’s current price.

According to Zacks, “Kuraray Co., Ltd. engages in commercializing chemicals and resins, fibers and textiles, high performance material, medical products and others. It operates in three segments: Chemicals and Resins; Fibers and Textiles; and High-Performance Materials, Medical Products, and Others (HMM). In the chemicals and functional materials fields, the Company’s products include poval resin, the gas barrier material EVAL, isoprene chemicals, fine chemicals, methacrylic resin and resin-finished goods. The Fibers and Textiles segment provides man-made leather, non-woven fabrics, hook and loop fasteners, MAGIC TAPE, which is used in clothing, shoes, car seats; polyester; and textiles. The HMM segment provides heat resistant polyamide resins used in electronics parts and auto parts, dental materials; PVA gel, which are used in water purification and wastewater treatment; and KURARAY COAL used in water purification facilities, gas separators, and capacitor materials. Kuraray Co., Ltd. is headquartered in Tokyo, Japan. “

Kuraray stock remained flat at $$34.15 on Monday. The company’s stock had a trading volume of 32 shares, compared to its average volume of 475. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of -72.65 and a beta of 0.84. The firm has a 50-day moving average of $34.83 and a two-hundred day moving average of $32.41. Kuraray has a fifty-two week low of $27.34 and a fifty-two week high of $35.40.

Kuraray Company Profile

Kuraray Co, Ltd. engages in resins, chemicals, fibers, and others businesses worldwide. The company's Vinyl Acetate segment offers polyvinyl alcohol (PVA) resins for paper/fiber processing agents, adhesives, and stabilizers; optical-use PVA films for liquid crystal displays and others; water-soluble PVA films for detergents and others; PVB film and Ionoplast interlayer for safety glass; EVOH resins for food packaging, automotive fuel tanks, stain-resistant wallpaper, vacuum insulation panels, and others; EVAL, a food packaging materials; and PLANTIC, a bio-based barrier material for food packaging materials.

See Also: Lock-Up Period Expiration

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