Brokerages Set $15.00 Price Target for Panasonic Co. (PCRFY)

Shares of Panasonic Co. (NASDAQ:PCRFY) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus price objective of $15.00 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Panasonic an industry rank of 40 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered Panasonic from a “hold” rating to a “sell” rating in a report on Saturday, May 13th.

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Shares of Panasonic (NASDAQ PCRFY) traded up 0.15% during trading on Monday, hitting $13.48. 93,206 shares of the stock traded hands. The company has a market cap of $31.44 billion and a PE ratio of 23.57. Panasonic has a 1-year low of $9.09 and a 1-year high of $14.05. The company has a 50 day moving average of $13.50 and a 200-day moving average of $11.91.

About Panasonic

Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.

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