DISCO CORP/ADR (OTCMKTS:DSCSY) Upgraded to “Buy” by Mizuho

DISCO CORP/ADR (OTCMKTS:DSCSY) was upgraded by Mizuho from a “neutral” rating to a “buy” rating in a research report issued on Wednesday, The Fly reports.

Separately, Zacks Investment Research upgraded shares of DISCO CORP/ADR from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. DISCO CORP/ADR presently has a consensus rating of “Buy” and a consensus target price of $49.00.

OTCMKTS DSCSY opened at $49.64 on Wednesday. The firm has a 50-day simple moving average of $46.11 and a 200 day simple moving average of $40.27. DISCO CORP/ADR has a twelve month low of $24.02 and a twelve month high of $49.76. The stock has a market cap of $8.92 billion, a PE ratio of 33.32, a PEG ratio of 1.89 and a beta of 2.19.

DISCO CORP/ADR (OTCMKTS:DSCSY) last released its earnings results on Thursday, October 24th. The company reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.09. DISCO CORP/ADR had a net margin of 18.93% and a return on equity of 12.25%. The business had revenue of $327.23 million during the quarter, compared to analysts’ expectations of $328.70 million. On average, sell-side analysts predict that DISCO CORP/ADR will post 1.31 earnings per share for the current year.

DISCO CORP/ADR Company Profile

Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws, as well as products for dicing before grinding process and package singulation.

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The Fly

Analyst Recommendations for DISCO CORP/ADR (OTCMKTS:DSCSY)

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