Jefferies Sticks to Its Buy Rating for Hitachi,Ltd. (HTHIF)
Jefferies analyst Sho Fukuhara maintained a Buy rating on Hitachi,Ltd. (HTHIF – Research Report) today and set a price target of Yen4,700.00. The company’s shares closed yesterday at $28.17.
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Fukuhara covers the Industrials sector, focusing on stocks such as Yaskawa Electric, Hitachi,Ltd., and IHI. According to TipRanks, Fukuhara has an average return of 15.2% and a 60.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Hitachi,Ltd. with a $33.47 average price target, a 18.80% upside from current levels. In a report released on June 11, CLSA also maintained a Buy rating on the stock with a Yen5,000.00 price target.
Based on Hitachi,Ltd.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2772148000 thousand and a net profit of $184.94 billion. In comparison, last year the company earned a revenue of $2510562000 thousand and had a net profit of $144.8 billion
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