Morgan Stanley Sticks to Its Buy Rating for Asics (ASCCF)
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
According to TipRanks, Furukawa is an analyst with an average return of -8.4% and a 33.33% success rate.
The word on The Street in general, suggests a Hold analyst consensus rating for Asics.
Based on Asics' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $208.31 billion and a net profit of $31.65 billion. In comparison, last year the company earned a revenue of $174.1 billion and had a net profit of $26.74 billion
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
18 minutes ago
- Yahoo
IPO & M&A Market Rebound: What it Means for Goldman's IB Business
The Goldman Sachs Group, Inc. GS is capitalizing on the ongoing rebound in global deal-making activities. The Global Banking & Markets division, which houses its investment banking (IB) business, remains the key growth engine. The division revenues accounted for 69.4% of the total net revenues as of June 30, 2025. Although 2025 began with optimism, market sentiment briefly dipped following Trump's tariff plans announced on 'Liberation Day' In April. Mergers and acquisitions (M&As) have since regained momentum, and Goldman's IB fees rose 8% year over year in the first half of 2025. Specifically, advisory revenues rose 16% year over year, while debt underwriting revenues were up 2% and equity underwriting revenues grew nearly 1% in the first half of 2025. Additionally, Goldman, one of the largest and well-known investment banks, maintained its leading position in announced and completed M&As, reinforcing its strength in Global Banking & Markets. M&As are expected to remain robust in the second half of 2025, driven by stronger stock valuations, pent-up demand, and corporates' pursuit of greater scale and competitiveness. This outlook is further supported by regulatory shifts under the Trump administration, with the Federal Reserve moving to loosen 'well-managed' requirements and streamline approval processes, creating more conducive conditions for consolidation. These shifts should further bolster Goldman's advisory revenues, wherein it already holds a commanding lead. At the same time, the IPO market is showing renewed vitality. Investor demand for new issues is improving, particularly in technology and crypto-related offerings, aided by stronger equity markets, mainstream adoption of digital assets, favorable regulations, and a surge in Bitcoin prices. Importantly, the IPO pipeline is expected to remain solid through the end of 2025, signaling continued strength in equity underwriting. With rising M&A deals and IPO pipelines, Goldman's decent IB backlog and leadership position will continue to support its IB performance. Here's How GS Competes With MS & JPM in IB Business Morgan Stanley's MS IB business has been subdued this year, with the metric inching up 1% from the prior-year quarter. Its fixed income underwriting fees decreased 2%, while equity underwriting income rose 5% year over year. Morgan Stanley's advisory fees rose 2% year over year in the first half of 2025. Morgan Stanley remains cautiously optimistic about the performance of the IB business, supported by a stable and diversified M&A pipeline. JPMorgan's JPM total IB fees (in the Commercial & Investment Bank segment) grew 9% year over year in the first half of 2025. Specifically, JPMorgan's advisory and debt underwriting fees rose 11% and 14% year over year, respectively. On the contrary, equity underwriting fees fell 7%. Given its leading market share, diversified capabilities, and global reach, JPMorgan is well-positioned to witness a solid performance in the upcoming period. Goldman's Price Performance, Valuation & Estimates GS shares have gained 27.7% year to date compared with the industry's growth of 23.2%. Price Performance Image Source: Zacks Investment Research From a valuation standpoint, Goldman trades at a forward price-to-earnings (P/E) ratio of 14.64X, above the industry's average of 14.47X. Price-to-Earnings F12M Image Source: Zacks Investment Research The Zacks Consensus Estimate for GS's 2025 and 2026 earnings implies year-over-year rallies of 12.6% and 14.9%, respectively. Likewise, the Zacks Consensus Estimate for GS's 2025 and 2026 sales implies year-over-year increases of 6.3% and 6.5%, respectively. The estimates for both years have been revised upward over the past 30 days. Estimates Revision Trend Image Source: Zacks Investment Research Goldman currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Morgan Stanley (MS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
26 minutes ago
- Business Insider
Judge Rules that Tesla (TSLA) Will Face Class Action Lawsuit over FSD Package
A U.S. judge has ruled that EV maker Tesla (TSLA) will face a class action lawsuit in California from drivers who say that Elon Musk misled them for years about the self-driving abilities of Tesla's vehicles. Indeed, the case centers on the Full Self-Driving (FSD) package, with claims that Tesla didn't have the sensors needed for full autonomy and never successfully showed a vehicle completing a long-distance autonomous drive. Because these are issues that affected many customers in the same way, the judge decided the case could move forward as a group lawsuit. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Judge Rita Lin explained that many buyers likely saw Tesla's marketing between October 2016 and August 2024, which included the 'Autopilot' section of its website, blog posts, earnings calls, and Elon Musk's 2016 press conference. She noted that while most automakers rely on dealers and wide-scale ads, Tesla's direct-to-consumer model made it more likely that potential buyers visited its site and were influenced by those claims. Tesla argued that not everyone saw the statements or found them important, but the judge said Tesla's unique marketing made this case different from most. Interestingly, the certified class includes people who bought the FSD package during specific timeframes and chose not to be bound by Tesla's arbitration agreement. However, the judge excluded buyers of the Enhanced Autopilot package after saying that it didn't promise full self-driving capabilities, so Tesla's alleged misstatements wouldn't have affected their decisions. The case, officially titled In re Tesla Advanced Driver Assistance Systems Litigation, comes as regulators continue to investigate whether Tesla's self-driving tech is safe, especially since it's a key part of the company's future robotaxi plans. What Is the Prediction for Tesla Stock? Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 15 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $307.23 per share implies 7.7% downside risk.
Yahoo
37 minutes ago
- Yahoo
Morgan Stanley Trims Coherent (COHR) Price Target, Cites 'Underwhelming' Outlook
Coherent Corp. (NYSE:COHR) is one of the On August 14, Morgan Stanley lowered the firm's price target on the stock to $89 from $97 and kept an Equal Weight rating on the shares. According to the analysts, Q4 EPS was better than Street estimates. However, Coherent's results and outlook were 'underwhelming.' This is particularly true considering how the stock jumped 20% the last month and elevated expectations based on other AI-related prints. Morgan Stanley believes that the stock is likely 'to remain in the penalty box for now.' A financial analyst intensely examining MSCI Korea 25/50 index and portfolio benchmarking. Coherent Corp. (NYSE:COHR) is an American manufacturer of optical materials and semiconductors. While we acknowledge the potential of COHR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
