3 days ago
New Buy Rating for Murata Manufacturing Co (MRAAF), the Technology Giant
In a report released today, Shingo Hirata from UBS maintained a Buy rating on Murata Manufacturing Co (MRAAF – Research Report), with a price target of Yen2,960.00. The company's shares closed yesterday at $13.54.
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According to TipRanks, Hirata is an analyst with an average return of -8.2% and a 33.33% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Murata Manufacturing Co with a $19.60 average price target.
Based on Murata Manufacturing Co's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $411.86 billion and a net profit of $32.5 billion. In comparison, last year the company earned a revenue of $390.41 billion and had a net profit of $6.33 billion
