Kubota (OTCMKTS:KUBTY) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Kubota (OTCMKTS:KUBTY) from a strong sell rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

Separately, UBS Group upgraded shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Three equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Kubota Stock Performance

Kubota stock opened at $74.76 on Thursday. Kubota has a fifty-two week low of $51.65 and a fifty-two week high of $79.28. The stock’s 50 day simple moving average is $72.26 and its two-hundred day simple moving average is $65.47. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 1.68. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 14.54 and a beta of 0.91.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.32. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.93 billion. Kubota had a return on equity of 6.50% and a net margin of 5.95%. As a group, analysts expect that Kubota will post 5.57 earnings per share for the current fiscal year.

Kubota Company Profile

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.