Zacks Investment Research upgraded shares of ORIENT Ovs Intl/ADR (OTCMKTS:OROVY) from a hold rating to a buy rating in a research note released on Thursday morning. The firm currently has $56.00 target price on the stock.
According to Zacks, “Orient Overseas (International) Limited through its subsidiaries operates as a provider of container transport and logistics services. Its principal business activities include container transport and logistics services, ports and terminals, and property investment. The Company also provides freight management services, extensive domestic distribution services and supply-chain management. It also operates container terminals which forms an integral part of its international containerized transportation business. Orient Overseas (International) Limited is headquartered in Wanchai, Hong Kong. “
Shares of OROVY opened at $49.63 on Thursday. ORIENT Ovs Intl/ADR has a twelve month low of $49.43 and a twelve month high of $49.63. The stock has a market cap of $6.21 billion, a PE ratio of 45.12, a P/E/G ratio of -13.79 and a beta of 0.68. The company has a current ratio of 2.20, a quick ratio of 2.12 and a debt-to-equity ratio of 0.78.
Orient Overseas (International) Limited, an investment holding company, provides container transportation and logistics services worldwide. The company offers trunk and intermodal services; freight management services and IT solutions; supply-chain management and distribution services; and containerized shipping services in various trade lanes comprising Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades.
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