The Goldman Sachs Group Upgrades Kubota (OTCMKTS:KUBTY) to Hold

Kubota (OTCMKTS:KUBTY - Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group from a "strong sell" rating to a "hold" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Kubota Price Performance

Shares of OTCMKTS KUBTY traded down $0.46 during midday trading on Tuesday, reaching $61.97. The company's stock had a trading volume of 24,388 shares, compared to its average volume of 63,944. The company has a market cap of $14.31 billion, a P/E ratio of 8.60, a P/E/G ratio of 4.17 and a beta of 0.97. Kubota has a fifty-two week low of $54.19 and a fifty-two week high of $85.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.23 and a current ratio of 1.65. The business's 50 day moving average price is $59.86 and its two-hundred day moving average price is $65.12.

Kubota (OTCMKTS:KUBTY - Get Free Report) last released its earnings results on Friday, November 8th. The industrial products company reported $1.37 earnings per share for the quarter. The firm had revenue of $4.69 billion during the quarter. Kubota had a return on equity of 9.73% and a net margin of 8.34%. On average, analysts forecast that Kubota will post 6.71 EPS for the current fiscal year.

Kubota Company Profile

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.