Mitsubishi Heavy Industries (OTCMKTS:MHVYF) Rating Increased to Strong-Buy at UBS Group

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) was upgraded by research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Mitsubishi Heavy Industries Trading Down 0.1%

MHVYF opened at $26.81 on Thursday. Mitsubishi Heavy Industries has a one year low of $20.59 and a one year high of $34.50. The company has a market cap of $90.44 billion, a P/E ratio of 35.27 and a beta of 0.50. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.28. The business’s 50-day simple moving average is $23.93 and its 200-day simple moving average is $27.32.

Mitsubishi Heavy Industries (OTCMKTS:MHVYF) last issued its earnings results on Tuesday, August 4th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. The business had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.09 billion. Mitsubishi Heavy Industries had a return on equity of 13.20% and a net margin of 7.04%.

Institutional Trading of Mitsubishi Heavy Industries

A hedge fund recently bought a new position in Mitsubishi Heavy Industries stock. McMillan Office Inc. bought a new stake in Mitsubishi Heavy Industries, Ltd. (OTCMKTS:MHVYF) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $28,000.

About Mitsubishi Heavy Industries

Mitsubishi Heavy Industries is a diversified Japanese industrial conglomerate engaged in the design, manufacture and servicing of large-scale capital equipment and systems. The company’s activities span shipbuilding and marine propulsion; power and energy systems including gas turbines, boilers and related power-plant equipment; and industrial machinery for sectors ranging from chemicals and manufacturing to environmental control. MHI also supplies heating, ventilation and air-conditioning systems and other building-related equipment for commercial and industrial customers.

In addition to its heavy engineering businesses, Mitsubishi Heavy Industries is a major participant in aerospace, space and defense markets.