Zacks Research Downgrades SMC (OTCMKTS:SMCAY) to Hold

SMC (OTCMKTS:SMCAY) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

SMC Stock Down 0.8%

Shares of OTCMKTS SMCAY opened at $22.54 on Monday. The firm’s 50-day moving average price is $22.13 and its two-hundred day moving average price is $21.41. SMC has a 52-week low of $14.31 and a 52-week high of $27.77. The stock has a market capitalization of $28.79 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.33 and a beta of 1.10.

SMC (OTCMKTS:SMCAY) last posted its earnings results on Thursday, May 14th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.45 billion. SMC had a return on equity of 8.15% and a net margin of 19.84%. As a group, equities research analysts expect that SMC will post 0.93 earnings per share for the current year.

SMC Company Profile

SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers air management system, directional control valves, air cylinders, rotatory actuators/air grippers, electric actuators/cylinders, fitting and tubing, and modular F.R.L./pressure control equipment, as well as vacuum, air preparation, and lubrication equipment. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.