UBE Industries (UBEOF) Receives a Buy from Morgan Stanley
In a report released yesterday, Ryoichi Watanabe from Morgan Stanley maintained a Buy rating on UBE Industries (UBEOF – Research Report), with a price target of Yen3,400.00. The company's shares closed last Wednesday at $15.55.
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According to TipRanks, Watanabe is an analyst with an average return of -12.7% and a 0.00% success rate. Watanabe covers the Basic Materials sector, focusing on stocks such as Daicel, Kureha, and Nippon Sanso Holdings Corporation.
UBE Industries has an analyst consensus of Hold.
Based on UBE Industries' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $127.18 billion and a net profit of $14.3 billion. In comparison, last year the company earned a revenue of $135.29 billion and had a net profit of $9.04 billion
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