Marubeni (OTCMKTS:MARUY) Shares Gap Up – Still a Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $273.72, but opened at $286.89. Marubeni shares last traded at $279.36, with a volume of 253 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Marubeni from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Marubeni currently has a consensus rating of “Hold”.

Marubeni Stock Up 2.2%

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.04 and a current ratio of 1.42. The firm’s fifty day simple moving average is $257.22 and its 200 day simple moving average is $232.22. The stock has a market capitalization of $46.46 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.94 and a beta of 0.62.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings data on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.38 by $1.84. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $12.30 billion. Marubeni had a net margin of 7.04% and a return on equity of 14.83%. On average, sell-side analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current year.

Marubeni Company Profile

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.