Marubeni (OTCMKTS:MARUY) Hits New 12-Month High – Still a Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $242.86 and last traded at $242.86, with a volume of 7720 shares changing hands. The stock had previously closed at $234.61.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Marubeni from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Marubeni currently has an average rating of “Strong Buy”.

Marubeni Stock Up 3.5%

The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average price of $214.10 and a 200-day moving average price of $189.84. The stock has a market capitalization of $40.33 billion, a P/E ratio of 11.67, a PEG ratio of 1.65 and a beta of 0.69.

Marubeni (OTCMKTS:MARUY) last issued its earnings results on Friday, August 1st. The conglomerate reported $6.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.26 by $0.21. Marubeni had a return on equity of 13.84% and a net margin of 6.52%.The firm had revenue of $14.38 billion for the quarter, compared to analysts’ expectations of $14.64 billion. As a group, research analysts forecast that Marubeni Corp. will post 19.54 EPS for the current fiscal year.

About Marubeni

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.