West Japan Railway (OTCMKTS:WJRYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.
According to Zacks, “West Japan Railway Company engages in the railway transportation business. Its operating segment consists of Transportation, Sales of Goods and Food Services, Real Estate and Other Businesses. Transportation segment provides railway, bus, and ferry services. Distribution segment operates department stores, restaurants, retail and wholesale shops. Real Estate segment sells and leases properties and manages shopping centers. Other Businesses segment includes hotels, travel agencies, advertising and construction. West Japan Railway Company is headquartered in Osaka, Japan. “
Several other research analysts also recently weighed in on WJRYY. Jefferies Financial Group downgraded West Japan Railway from a “buy” rating to a “hold” rating in a report on Friday, January 7th. Morgan Stanley upgraded West Japan Railway from an “underweight” rating to an “equal weight” rating in a report on Tuesday, October 5th.
West Japan Railway (OTCMKTS:WJRYY) last issued its quarterly earnings results on Tuesday, November 2nd. The company reported ($2.03) earnings per share for the quarter. The business had revenue of $2.13 billion during the quarter. West Japan Railway had a negative net margin of 18.41% and a negative return on equity of 17.21%. As a group, equities research analysts forecast that West Japan Railway will post -3.26 earnings per share for the current fiscal year.
About West Japan Railway
West Japan Railway Co engages in the railway transportation business. It operates through the following segments: Transportation, Distribution, Real Estate, and Other Businesses. The Transportation segment provides railway, bus, and ferry services. The Distribution segment operates department stores, restaurants, retail, and wholesale shops.
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