Zacks Research Upgrades Kubota (OTCMKTS:KUBTY) to “Strong-Buy”

Kubota (OTCMKTS:KUBTY) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, UBS Group upgraded shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Three investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Kubota Stock Performance

Shares of Kubota stock opened at $74.76 on Thursday. Kubota has a 12 month low of $51.65 and a 12 month high of $79.28. The firm has a market capitalization of $17.00 billion, a P/E ratio of 14.54 and a beta of 0.91. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $72.26 and a two-hundred day simple moving average of $65.47.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.32. Kubota had a net margin of 5.95% and a return on equity of 6.50%. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.93 billion. On average, equities analysts forecast that Kubota will post 5.57 earnings per share for the current fiscal year.

Kubota Company Profile

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.