Kobe Steel, Ltd. (KBSTY) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of Kobe Steel, Ltd. (NASDAQ:KBSTY) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also given Kobe Steel an industry rank of 175 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered Kobe Steel from a “buy” rating to a “hold” rating in a research report on Saturday, September 23rd.
Shares of Kobe Steel (NASDAQ:KBSTY) traded down 0.76% during trading on Wednesday, reaching $3.90. The company had a trading volume of 15,361 shares. Kobe Steel has a 52-week low of $3.50 and a 52-week high of $6.27. The company has a market capitalization of $2.83 billion and a P/E ratio of 75.73. The firm has a 50-day moving average price of $5.34 and a 200-day moving average price of $5.17.
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About Kobe Steel
Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The Welding segment offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others.
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