Research Analysts Set Expectations for ASAHI KASEI Cor/ADR’s FY2019 Earnings (AHKSY)

ASAHI KASEI Cor/ADR (OTCMKTS:AHKSY) – Research analysts at Jefferies Financial Group increased their FY2019 earnings estimates for ASAHI KASEI Cor/ADR in a research note issued on Tuesday, October 23rd. Jefferies Financial Group analyst Y. Azuma now forecasts that the company will earn $2.51 per share for the year, up from their previous forecast of $2.24. Jefferies Financial Group currently has a “Underperform” rating on the stock.

Separately, Zacks Investment Research upgraded shares of ASAHI KASEI Cor/ADR from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Friday, September 28th.

AHKSY opened at $23.54 on Thursday. The stock has a market cap of $16.76 billion, a P/E ratio of 10.72 and a beta of 0.29. ASAHI KASEI Cor/ADR has a fifty-two week low of $23.04 and a fifty-two week high of $31.00. The company has a current ratio of 1.57, a quick ratio of 0.95 and a debt-to-equity ratio of 0.12.


Asahi Kasei Corporation primarily manufactures, processes, and sells chemical products in Japan and internationally. The company offers caustic soda, chemical fertilizers, nitric acid, ammonia, acrylonitrile, methyl methacrylate, styrene, adipic acid, hexamethylene diamine, AH salt, propionitrile, sodium cyanide, methacrylonitrile, cyclohexyl methacrylate, cyclohexanol, cyclohexane, and cyclohexene; polymers and sheets; chemical intermediates; additives; membranes and systems; clads and anchors; optical and printing materials; electronic materials; polymers; synthetic rubber and elastomers; consumables; cleaners; and packaging products.

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