Marubeni (OTCMKTS:MARUY) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Marubeni (OTCMKTS:MARUY) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks reports.

Marubeni Trading Down 1.9%

Shares of MARUY stock opened at $31.88 on Tuesday. The firm has a fifty day moving average of $31.28 and a 200-day moving average of $219.48. The stock has a market cap of $52.95 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.69 and a beta of 0.57. Marubeni has a 52-week low of $23.50 and a 52-week 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 issued 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 business had revenue of $16.66 billion for the quarter, compared to analyst estimates of $13.80 billion. On average, equities research analysts forecast that Marubeni will post 2.44 earnings per share for the current fiscal 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.