Kubota (KUBTY) Upgraded by Zacks Investment Research to Buy
Kubota (OTCMKTS:KUBTY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $105.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.73% from the company’s current price.
According to Zacks, “Kubota is the world’s largest maker of small tractors and Japan’s 2nd largest manufacturer of farm equipment. The company is also Japan’s largest producer of ductile iron pipe (for water supply and sewer systems) and its maker of roofing materials. The Company makes engines, construction machinery, industrial castings and machinery, waste recycling plants, and prefab housing, and pumps. It has stakes in several US computer companies, including memory storage makers Maxoptix and Akashic Memories. “
Separately, ValuEngine upgraded Kubota from a “hold” rating to a “buy” rating in a research report on Monday.
Kubota (OTCMKTS:KUBTY) traded down $0.36 during midday trading on Wednesday, reaching $93.14. The company had a trading volume of 10,585 shares, compared to its average volume of 8,236. Kubota has a 12 month low of $70.24 and a 12 month high of $94.54.
Kubota Company Profile
KUBOTA Corporation is a manufacturer of a range of machinery, and other industrial and consumer products. The Company operates through three segments: Farm & Industrial Machinery, Water & Environment, and Other. The Farm & Industrial Machinery segment is engaged in the manufacture and sale of products, which include farm equipment, engines, construction machinery and electronic equipped machinery.
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