TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “Toray Industries, Inc. specializes in manufacturing, processing and sales of the following products: The Fibers and Textiles segment manufactures, processes and sells textile; staple fibers, spun yarns, woven and knitted fabrics of nylon and apparel products. The Plastics and Chemical segment offers plastic, nylon, polyester, polypropylene and chemical products. IT-related products segment offers films; electronic circuit- and semiconductor-related materials; color filters for LCDs; and graphic materials. The Carbon Fiber Composite Material segment manufactures and sells carbon fibers and carbon fiber composite materials. The Environment and Engineering segment offers Comprehensive engineering; condominiums; industrial equipment and machinery; environment-related equipment; water treatment membranes and related equipment; materials for housing, building and civil engineering applications. The Life Science segment manufactures and sells medical, pharmaceutical and optical products. “
Shares of TRYIY opened at $12.94 on Wednesday. The firm has a market capitalization of $10.82 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 3.01 and a beta of 0.32. TORAY INDUSTRIE/ADR has a 52 week low of $12.93 and a 52 week high of $19.88.
TORAY INDUSTRIE/ADR (OTCMKTS:TRYIY) last announced its quarterly earnings data on Friday, February 8th. The company reported $0.36 EPS for the quarter. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.79 billion. TORAY INDUSTRIE/ADR had a return on equity of 8.15% and a net margin of 4.21%. On average, equities research analysts predict that TORAY INDUSTRIE/ADR will post 0.89 earnings per share for the current fiscal year.
TORAY INDUSTRIE/ADR Company Profile
Toray Industries, Inc is an integrated chemical industry group that engages in the manufacture, processing, and sale of various materials for automobiles and aircraft to apparel and information technology-related products. It operates through the following segments: Fibers and Textiles, Functional Chemicals, Carbon Fiber Composite Materials, Environment & Engineering, Life Science, and Others.
Further Reading: Mutual Funds
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TORAY INDUSTRIE/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TORAY INDUSTRIE/ADR and related companies with MarketBeat.com's FREE daily email newsletter.