Makita (OTCMKTS:MKTAY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Makita (OTCMKTS:MKTAY) from a hold rating to a buy rating in a research report released on Saturday.

Separately, The Goldman Sachs Group cut Makita from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Makita Stock Up 4.8%

Makita stock opened at $36.70 on Friday. The firm has a market cap of $9.71 billion, a PE ratio of 19.42 and a beta of 0.53. The company’s 50 day moving average is $30.71 and its two-hundred day moving average is $31.79. Makita has a 52-week low of $25.56 and a 52-week high of $39.05.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings results on Thursday, January 29th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Makita had a return on equity of 7.85% and a net margin of 9.96%.The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.19 billion. On average, equities research analysts anticipate that Makita will post 1.56 earnings per share for the current fiscal year.

Makita Company Profile

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.