Kuraray (OTCMKTS:KURRY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday, Zacks.com reports. The brokerage currently has a $38.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 11.29% from the stock’s current price.
According to Zacks, “Kuraray Co., Ltd. engages in commercializing chemicals and resins, fibers and textiles, high performance material, medical products and others. It operates in three segments: Chemicals and Resins; Fibers and Textiles; and High-Performance Materials, Medical Products, and Others (HMM). In the chemicals and functional materials fields, the Company’s products include poval resin, the gas barrier material EVAL, isoprene chemicals, fine chemicals, methacrylic resin and resin-finished goods. The Fibers and Textiles segment provides man-made leather, non-woven fabrics, hook and loop fasteners, MAGIC TAPE, which is used in clothing, shoes, car seats; polyester; and textiles. The HMM segment provides heat resistant polyamide resins used in electronics parts and auto parts, dental materials; PVA gel, which are used in water purification and wastewater treatment; and KURARAY COAL used in water purification facilities, gas separators, and capacitor materials. Kuraray Co., Ltd. is headquartered in Tokyo, Japan. “
OTCMKTS KURRY opened at $34.15 on Monday. Kuraray has a twelve month low of $27.34 and a twelve month high of $35.40. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -72.65 and a beta of 0.84. The business’s fifty day moving average is $34.83 and its 200 day moving average is $32.42.
Kuraray Co, Ltd. engages in resins, chemicals, fibers, and others businesses worldwide. The company's Vinyl Acetate segment offers polyvinyl alcohol (PVA) resins for paper/fiber processing agents, adhesives, and stabilizers; optical-use PVA films for liquid crystal displays and others; water-soluble PVA films for detergents and others; PVB film and Ionoplast interlayer for safety glass; EVOH resins for food packaging, automotive fuel tanks, stain-resistant wallpaper, vacuum insulation panels, and others; EVAL, a food packaging materials; and PLANTIC, a bio-based barrier material for food packaging materials.
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