Goldman Sachs upgraded shares of Panasonic (OTCMKTS:PCRFY) from a neutral rating to a buy rating in a report published on Friday, March 9th, The Fly reports.
A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Panasonic from a buy rating to a hold rating in a report on Wednesday, February 7th. ValuEngine downgraded Panasonic from a buy rating to a hold rating in a report on Friday, December 1st.
Shares of PCRFY stock opened at $14.96 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.81 and a debt-to-equity ratio of 0.52. Panasonic has a 1-year low of $10.70 and a 1-year high of $16.20. The firm has a market capitalization of $36,137.44, a PE ratio of 22.33, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26.
Panasonic (OTCMKTS:PCRFY) last issued its quarterly earnings results on Monday, February 5th. The company reported $0.31 earnings per share for the quarter. Panasonic had a return on equity of 9.48% and a net margin of 2.22%. The firm had revenue of $18.20 billion during the quarter. sell-side analysts predict that Panasonic will post 0.78 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “Panasonic (PCRFY) Rating Increased to Buy at Goldman Sachs” was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://www.thelincolnianonline.com/2018/03/24/panasonic-pcrfy-rating-increased-to-buy-at-goldman-sachs.html.
Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.
Receive News & Ratings for Panasonic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Panasonic and related companies with MarketBeat.com's FREE daily email newsletter.