Makita Corp. (OTCMKTS:MKTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $79.00 price objective on the stock. Zacks Investment Research’s price target points to a potential upside of 14.99% from the company’s previous close.

According to Zacks, “Makita Corp manufactures portable electric power tools, hand-held vacuum cleaners and power saws. Their products include impact wrenches, band saws, groove cutters, hedgetrimmers and weed cutters. They also make attachments and other parts along with performing repair work. Makita Benelux BV is the Netherlands subsidiary. “

Shares of Makita Corp. (OTCMKTS:MKTAY) opened at 68.70 on Thursday. The company has a market capitalization of $9.32 billion, a price-to-earnings ratio of 21.72 and a beta of 0.63. Makita Corp. has a 52 week low of $50.57 and a 52 week high of $75.35. The company’s 50 day moving average price is $71.09 and its 200-day moving average price is $65.20.

Makita Corp. Company Profile

Makita Corporation is engaged in the business of production and sale of electric power tools, woodworking machines, pneumatic tools, gardening equipment and household equipment. The Company manufactures and sells portable electric planers. The Company’s segments are Japan, Europe, North America, Asia and Other area.

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