SMC (OTCMKTS:SMCAY) Raised to “Strong-Buy” at Zacks Research

SMC (OTCMKTS:SMCAY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Jefferies Financial Group raised shares of SMC from a “buy” rating to a “buy” rating in a report on Tuesday, June 16th. The Goldman Sachs Group lowered SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

SMC Stock Performance

OTCMKTS SMCAY opened at $24.62 on Tuesday. SMC has a 52-week low of $14.31 and a 52-week high of $27.77. The company has a 50-day simple moving average of $22.12 and a 200 day simple moving average of $21.97. The company has a market capitalization of $31.45 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.69 and a beta of 1.10.

SMC (OTCMKTS:SMCAY) last released its earnings results on Friday, August 7th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.10. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.54 billion. SMC had a net margin of 21.94% and a return on equity of 9.40%. As a group, analysts forecast that SMC will post 1.1 EPS for the current fiscal year.

About SMC

SMC Corporation manufactures, processes, and sells automatic control equipment, sintered filters, and various types of filtration equipment worldwide. The company offers air management system, directional control valves, air cylinders, rotatory actuators/air grippers, electric actuators/cylinders, fitting and tubing, and modular F.R.L./pressure control equipment, as well as vacuum, air preparation, and lubrication equipment. It also provides flow control equipment, speed controllers, silencers/exhaust/blow guns/pressure gauges, switches/sensors/controllers, static neutralization equipment, and industrial device communication equipment/wireless system.