Zacks: Kobe Steel, Ltd. (KBSTY) Given Consensus Rating of “Strong Buy” by Analysts

Kobe Steel, Ltd. (NASDAQ:KBSTY) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Zacks has also given Kobe Steel an industry rank of 81 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Kobe Steel from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Thursday, August 10th.

Kobe Steel (NASDAQ:KBSTY) remained flat at $5.88 during trading on Friday. Kobe Steel has a 12-month low of $3.97 and a 12-month high of $6.27. The stock’s 50 day moving average is $5.88 and its 200-day moving average is $5.03. The stock has a market cap of $4.26 billion and a price-to-earnings ratio of 115.29.

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Kobe Steel Company Profile

Kobe Steel, Ltd. is a steel manufacturer. The Iron and Steel segment manufactures and sells steel bars, stainless-steel products and titanium products. The Welding segment offers welding materials, welding robots, and conducts welding-related consulting business. The Aluminum and Copper segment offers rolled aluminum products, rolled copper products, aluminum alloy products, magnesium alloy products and others.

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