Marubeni (OTCMKTS:MARUY) Shares Gap Up – Still a Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $306.80, but opened at $319.9999. Marubeni shares last traded at $314.85, with a volume of 10,012 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Zacks Research cut Marubeni from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. The Goldman Sachs Group assumed coverage on Marubeni in a research report on Tuesday, January 6th. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Marubeni Stock Up 2.4%

The stock has a market capitalization of $52.20 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 2.11 and a beta of 0.60. The firm has a 50-day moving average of $270.45 and a 200 day moving average of $242.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.42 and a quick ratio of 1.04.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Tuesday, November 4th. The conglomerate reported $6.22 earnings per share for the quarter, topping analysts’ consensus estimates of $4.38 by $1.84. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $12.30 billion. Marubeni had a return on equity of 14.83% and a net margin of 7.04%. As a group, sell-side analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current fiscal 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.