OBIC Co.,Ltd. (OTCMKTS:OBIIF) Upgraded to “Buy” by Zacks Investment Research

OBIC Co.,Ltd. (OTCMKTS:OBIIF – Get Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, Zacks.com reports. The firm presently has a $161.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 11.67% from the company’s current price.

According to Zacks, “OBIC Co., Ltd provides system integration services, system support services, office automation services, and package software services. It also sells, leases and develops computers, peripherals, related systems and customized software. OBIC Co., Ltd is headquartered in Tokyo, Japan. “

Separately, Daiwa Capital Markets upgraded shares of OBIC Co.,Ltd. from a “neutral” rating to an “outperform” rating in a research report on Friday, May 6th.

OBIIF opened at $144.18 on Thursday. OBIC Co.,Ltd. has a fifty-two week low of $143.25 and a fifty-two week high of $191.50. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 32.99 and a beta of 0.51. The company’s 50 day moving average price is $147.88 and its two-hundred day moving average price is $167.09.

OBIC Co.,Ltd. (OTCMKTS:OBIIF – Get Rating) last issued its quarterly earnings results on Thursday, April 21st. The company reported $1.11 earnings per share (EPS) for the quarter. The firm had revenue of $196.43 million for the quarter, compared to the consensus estimate of $206.58 million. OBIC Co.,Ltd. had a net margin of 48.57% and a return on equity of 15.58%. As a group, research analysts expect that OBIC Co.,Ltd. will post 4.91 EPS for the current fiscal year.

OBIC Co.,Ltd. Company Profile (Get Rating)

OBIC Co,Ltd., together with its subsidiaries, provides system integration, system support, office automation, and package software services. It offers system integration services, including developing ERP software products to provide integrated administrative systems comprising personnel, payroll, working condition management, marketing, and production systems, as well as related training courses.

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