Marubeni (OTCMKTS:MARUY) Raised to Strong-Buy at Zacks Research

Marubeni (OTCMKTS:MARUY) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, Zacks reports.

Marubeni Price Performance

Marubeni stock opened at $31.88 on Tuesday. The company’s 50 day simple moving average is $31.28 and its 200-day simple moving average is $219.48. The company has a market capitalization of $52.95 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.57. Marubeni has a 1 year low of $23.50 and a 1 year high of $42.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.01 and a current ratio of 1.36.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Monday, August 3rd. The conglomerate reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.09. Marubeni had a net margin of 6.62% and a return on equity of 13.08%. The firm had revenue of $16.66 billion during the quarter, compared to the consensus estimate of $13.80 billion. As a group, equities research analysts expect that Marubeni will post 2.44 earnings per share for the current year.

About Marubeni

Marubeni Corporation is a Japan-based general trading company, or sogo shosha, that develops and manages businesses across a broad range of industries. Its activities include the import, export, distribution, investment and financing of products and services in areas such as food, agricultural products, forest products, chemicals, metals and mineral resources, energy, infrastructure, transportation and information technology.

The company is also involved in power generation and energy infrastructure, including renewable energy projects, as well as finance and leasing, real estate, construction, aerospace and mobility-related businesses.