Fujifilm Holdings Corp. (FUJIY) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Fujifilm Holdings Corp. (OTCMKTS:FUJIY) from a sell rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “Fujifilm’s business is currently hurt by a number of headwinds. Appreciation of Japanese Yen, sluggish economic status of several emerging markets, Brexit-related political issues in Europe and intense competition are all hampering its financial fundamentals. Over the last 60 days, the Zacks Consensus Estimate for the company has not changed for both fiscal 2017 and 2018.  However, the company firmly believes that it would be able to boost near-term financial fundamentals on the back of its VISION 2016 plan, strategic innovations, lucrative acquisitions and new marketing programs.”

Shares of Fujifilm Holdings Corp. (OTCMKTS:FUJIY) opened at 37.28 on Tuesday. Fujifilm Holdings Corp. has a 52 week low of $34.57 and a 52 week high of $43.05. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 15.80 and a beta of 0.53. The stock has a 50 day moving average of $37.51 and a 200-day moving average of $38.84.

Fujifilm Holdings Corp. Company Profile

FUJIFILM Holdings Corporation is engaged in the development, production, sales and service of imaging solutions, information solutions and document solutions. The Company’s segments include Imaging Solutions, Information Solutions, Document Solutions and, Corporate expenses and eliminations. The Imaging Solutions segment consists of photo imaging, and optical device and electronic imaging products.

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