Hitachi,Ltd. (HTHIF) Receives a Buy from J.P. Morgan
J.P. Morgan analyst Junya Ayada maintained a Buy rating on Hitachi,Ltd. (HTHIF – Research Report) on June 27 and set a price target of Yen4,800.00. The company’s shares closed yesterday at $27.90.
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Ayada covers the Technology sector, focusing on stocks such as Fujitsu, NEC, and Sony. According to TipRanks, Ayada has an average return of 18.2% and an 80.00% success rate on recommended stocks.
Currently, the analyst consensus on Hitachi,Ltd. is a Strong Buy with an average price target of $33.81, implying a 21.18% upside from current levels. In a report released on June 17, Jefferies also maintained a Buy rating on the stock with a Yen4,700.00 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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