Marubeni (OTCMKTS:MARUY) Lowered to Strong Sell Rating by Zacks Research

Zacks Research cut shares of Marubeni (OTCMKTS:MARUY) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks.com reports.

Separately, The Goldman Sachs Group initiated coverage on Marubeni in a research report on Tuesday, January 6th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Marubeni Stock Up 0.2%

Shares of Marubeni stock opened at $331.00 on Tuesday. The firm has a market cap of $54.50 billion, a PE ratio of 14.29, a P/E/G ratio of 1.67 and a beta of 0.60. The business’s 50 day simple moving average is $287.02 and its 200 day simple moving average is $252.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.04 and a current ratio of 1.42. Marubeni has a 52-week low of $126.85 and a 52-week high of $337.22.

Marubeni (OTCMKTS:MARUY) last issued its quarterly earnings results on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share 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 analysts’ expectations of $12.30 billion. Marubeni had a net margin of 7.04% and a return on equity of 14.83%. On average, analysts predict that Marubeni will post 19.54 earnings per share for the current fiscal 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.