ASAHI KASEI CORP ADR EA REP 2 (AHKSY) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of ASAHI KASEI CORP ADR EA REP 2 (NASDAQ:AHKSY) from a hold rating to a buy rating in a research note released on Tuesday. Zacks Investment Research currently has $18.00 price target on the stock.

According to Zacks, “ASAHI KASEI CORPORATION, provides innovative solutions based in chemistry and materials science to a diverse range of markets including fibers, chemicals, consumer products, housing, construction, electronics, and health care. On October 1, 2003, all core operations were transferred to wholly owned constituent corporations as autonomous operating business units. Asahi Kasei Corporation, as the parent company, functions as a holding company for group operations. An Independent Businesses Group not included in the constituent corporations provides group services. “

ASAHI KASEI CORP ADR EA REP 2 (NASDAQ:AHKSY) remained flat at $15.89 during mid-day trading on Tuesday. 50 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $16.19 and a 200 day moving average of $14.52. The firm has a market capitalization of $11.10 billion and a price-to-earnings ratio of 12.11. ASAHI KASEI CORP ADR EA REP 2 has a 12 month low of $11.15 and a 12 month high of $16.95.

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