Shiseido Co. LTD. (NASDAQ:SSDOY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The firm currently has a $44.00 price objective on the stock. Zacks Investment Research‘s target price suggests a potential upside of 11.62% from the stock’s current price.

According to Zacks, “SHISEIDO CO., LTD. is a Japan-based company engaged in the manufacturing and sale of cosmetics, toiletries, beauty products, health foods, beauty foods and pharmaceuticals. The Company operates in three business segments. The Domestic Cosmetics segment offers cosmetics, toiletries, beauty products, health foods, beauty foods and pharmaceuticals to the domestic market, as well as provides mail order service. The Overseas Cosmetic segment offers cosmetics, toiletries and beauty products to overseas markets. The Others segment is engaged in the the manufacture and sale of cosmetics materials, pharmaceuticals for medical uses and aesthetic medical cosmetics, the sale of clothing and miscellaneous goods, the management and sale of real estates, as well as the restaurant business. “

Shares of Shiseido Co. LTD. (NASDAQ:SSDOY) opened at 39.42 on Friday. The company’s 50-day moving average is $40.95 and its 200 day moving average is $34.50. Shiseido Co. LTD. has a 52-week low of $24.23 and a 52-week high of $43.50. The firm has a market capitalization of $15.75 billion and a PE ratio of 64.62.

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Shiseido Co. LTD. Company Profile

Shiseido Company, Limited is engaged in the business of the production and sale of cosmetics. The Company operates through two segments: Japan Business and Global Business. The Company’s Japan Business segment includes the Japan business, which includes the production and sale of cosmetics, cosmetics accessories and toiletries, and the healthcare business, which includes the production and sale of health and beauty foods, and over-the-counter drugs.

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