Marubeni (OTCMKTS:MARUY) Hits New 52-Week High – Time to Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $395.24 and last traded at $390.00, with a volume of 13143 shares. The stock had previously closed at $371.6025.

Analysts Set New Price Targets

A number of brokerages have recently commented on MARUY. The Goldman Sachs Group initiated coverage on shares of Marubeni in a research report on Tuesday, January 6th. They issued a “buy” rating on the stock. Zacks Research cut shares of Marubeni from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Marubeni has an average rating of “Hold”.

Marubeni Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.42 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $310.66 and its two-hundred day moving average is $264.58. The firm has a market capitalization of $67.15 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 2.06 and a beta of 0.60.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings data on Wednesday, February 4th. The conglomerate reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.38). The firm had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $12.83 billion. Marubeni had a net margin of 6.21% and a return on equity of 13.19%. On average, analysts predict that Marubeni Corp. will post 19.54 earnings per share for the current year.

About Marubeni

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.