Mitsubishi (OTCMKTS:MSBHF) Sets New 12-Month High – Should You Buy?

Mitsubishi Corp. (OTCMKTS:MSBHF)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $35.1113 and last traded at $34.6350, with a volume of 14055 shares. The stock had previously closed at $34.2001.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group started coverage on Mitsubishi in a report on Tuesday, January 6th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Mitsubishi Trading Up 2.4%

The company has a market cap of $139.24 billion, a P/E ratio of 27.57 and a beta of 0.59. The company has a current ratio of 1.36, a quick ratio of 1.06 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $30.78 and a 200-day moving average price of $26.25.

Mitsubishi (OTCMKTS:MSBHF) last released its earnings results on Thursday, February 5th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $32.18 billion during the quarter, compared to analysts’ expectations of $27.57 billion. Mitsubishi had a net margin of 3.99% and a return on equity of 7.43%. Analysts forecast that Mitsubishi Corp. will post 1.6 earnings per share for the current fiscal year.

Mitsubishi Company Profile

Mitsubishi is a long-established Japanese business family and brand that today encompasses a group of independent companies operating across a wide range of industries. The Mitsubishi name traces back to the late 19th century and the founding of a shipping firm that grew into a diversified industrial and trading conglomerate. Over time the original zaibatsu was reorganized into a number of separately managed companies that nonetheless share the Mitsubishi mark and coordinate through cross-shareholdings and business relationships.

Companies using the Mitsubishi name are active in sectors including industrial machinery and heavy equipment, automotive manufacturing, electrical and electronic equipment, chemicals and materials, energy and natural resources, trading and logistics, finance and banking, real estate, and food and consumer products.