NEW YORK (Reuters) - Ricoh Co Ltd (7752.T) shares could be undervalued as investors overlook the benefits of two healthy acquisitions that could help the stock rise 30 percent over the next year, Barron's reported.
The Japanese company has transformed itself from an office-machine maker into a global technology solutions provider that gets most of its revenue from software and services like consulting.
Ricoh's acquisitions of a majority stake in IBM's American print systems unit, InfoPrint Solutions in 2007, and its acquisition of Ikon Office Solutions last August will help the company compete with rival Canon, said Barron's.
(Reporting by Yinka Adegoke; Editing by Leslie Adler)