Kubota (OTCMKTS:KUBTY) Upgraded by The Goldman Sachs Group to Hold Rating

The Goldman Sachs Group upgraded shares of Kubota (OTCMKTS:KUBTY) from a strong sell rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

Kubota Price Performance

Shares of KUBTY stock opened at $62.18 on Tuesday. Kubota has a 1 year low of $54.19 and a 1 year high of $85.00. The firm’s 50 day moving average is $59.95 and its 200-day moving average is $65.27. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 4.17 and a beta of 0.97. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.50.

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

About Kubota

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.