SMC (OTCMKTS:SMCAY) Upgraded at Zacks Research

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

A number of other brokerages have also recently commented on SMCAY. The Goldman Sachs Group cut SMC from a “strong-buy” rating to a “neutral” rating in a report on Thursday, May 28th. Jefferies Financial Group upgraded SMC from a “buy” rating to a “buy” rating in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

SMC Trading Down 0.2%

Shares of SMC stock opened at $24.62 on Tuesday. The firm has a market cap of $31.45 billion, a PE ratio of 23.90, a PEG ratio of 1.69 and a beta of 1.10. The stock has a 50 day moving average of $22.12 and a 200 day moving average of $21.97. SMC has a 12 month low of $14.31 and a 12 month high of $27.77.

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

SMC Company Profile

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.