Jefferies Financial Group Analysts Lower Earnings Estimates for MITSUBISHI CHEM/ADR (MTLHY)

MITSUBISHI CHEM/ADR (OTCMKTS:MTLHY) – Stock analysts at Jefferies Financial Group decreased their FY2020 EPS estimates for shares of MITSUBISHI CHEM/ADR in a note issued to investors on Tuesday, May 14th. Jefferies Financial Group analyst Y. Azuma now expects that the company will earn $4.58 per share for the year, down from their prior forecast of $7.36. Jefferies Financial Group also issued estimates for MITSUBISHI CHEM/ADR’s FY2021 earnings at $4.80 EPS.

Separately, Zacks Investment Research raised MITSUBISHI CHEM/ADR from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Saturday, January 26th.

Shares of MITSUBISHI CHEM/ADR stock opened at $33.93 on Thursday. MITSUBISHI CHEM/ADR has a 12 month low of $32.88 and a 12 month high of $48.97. The company has a current ratio of 0.97, a quick ratio of 0.68 and a debt-to-equity ratio of 0.46.

About MITSUBISHI CHEM/ADR

Mitsubishi Chemical Holdings Corporation provides performance products, chemicals, industrial gases, and health care products in Japan and internationally. The company's performance products include specialty chemicals, functional food materials, inorganic materials, electronic and electrical components and products, molding and processed products, film and sheet products, synthetic paper, carbon fiber, synthetic fiber, equipment, instruments and systems, materials and products for industrial use, construction materials, civil engineering materials, aqua-related materials and products, leisure, sports, and daily goods.

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