Bernstein Sticks to Their Buy Rating for SMC (OR) (SMECF)
In a report released on November 25, Jay Huang from Bernstein reiterated a Buy rating on SMC (OR), with a price target of Yen74,000.00. The company’s shares closed last Wednesday at Yen53,720.00.
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According to TipRanks, Huang is an analyst with an average return of -1.8% and a 37.74% success rate. Huang covers the Technology sector, focusing on stocks such as IPG Photonics, Cognex, and Keyence.
SMC (OR) has an analyst consensus of Moderate Buy, with a price target consensus of $378.66, a -99.30% downside from current levels. In a report released on November 13, Goldman Sachs also reiterated a Buy rating on the stock with a Yen74,000.00 price target.
Based on SMC (OR)’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of Yen200.18 billion and a net profit of Yen34.64 billion. In comparison, last year the company earned a revenue of Yen202.78 billion and had a net profit of Yen48.71 billion
