Kubota (OTCMKTS: KUBTY) updated to Strong-Buy at Zacks Investment Research

Kubota (OTCMKTS: KUBTY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong buy” rating in a research note released on Wednesday, Zacks.com reported. The brokerage currently has a price target of $ 129.00 on the industrial products company’s stock. Zacks Investment ResearchThe target price of the share would suggest a potential upside potential of 13.22% compared to the current price of the share.

According to Zacks, “Kubota is the world’s largest manufacturer of small tractors and Japan’s second largest manufacturer of agricultural machinery. The company is also Japan’s largest manufacturer of ductile iron pipes (for water supply and sewer systems) and a manufacturer of roofing materials. The company manufactures engines, construction machinery, industrial castings and machinery, waste recycling equipment, and prefabricated housings and pumps. It has stakes in several US computer companies, including memory manufacturers Maxoptix and Akashic Memories.

KUBTY shares opened at $ 113.94 on Wednesday. The company has a market capitalization of $ 27.53 billion, a price / earnings ratio of 16.61, a PEG ratio of 1.03, and a beta of 0.94. The company has a 50-day moving average of $ 108.55 and a 200-day moving average of $ 106.23. The company has a quick ratio of 1.13, a current ratio of 1.55, and debt of 0.33. Kubota has a 12-month low of $ 97.57 and a 12-month high of $ 125.81.

Kubota (OTCMKTS: KUBTY) last released its quarterly results on Friday, November 5th. The industrial products company reported earnings per share of $ 1.64 for the quarter. The company had revenue of $ 4.91 billion for the quarter, compared to the consensus estimate of $ 4.55 billion. Kubota had a net margin of 8.35% and a return on equity of 10.73%. On average, research analysts assume that Kubota will post EPS of 6.87 for the current year.


It’s scientific breakthroughs like this that give investors like you the chance to get early on in companies that will revolutionize the world …

And you may only have one opportunity in life to invest in something this big …

About Kubota

Kubota Corp. deals with the manufacture and sale of agricultural and construction machinery. It operates in the following segments: Machinery, Water and Environment, and Others. The machinery segment includes agricultural and construction machinery, engines and agricultural products. The water and environment segment offers environment-related products and pipe-related products such as ductile iron pipes, plastic pipes, valves and pumps.

Read more: index funds

Get a Free Copy of the Zacks Kubota Research Report (KUBTY)

For more information on Zacks Investment Research’s research offerings, please visit Zacks.com

Analyst Recommendations for Kubota (OTCMKTS: KUBTY)

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $ 1,000 in Kubota now?

Before you even consider Kubota, this is what you should hear.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their customers to buy now, before the broader market takes hold ... and Kubota wasn’t on the list.

While Kubota currently has a “hold” rating by analysts, top-rated analysts are holding these five stocks for better buys.

Check out the 5 stocks here

Source link

Comments are closed.