Kubota (OTCMKTS:KUBTY) Sets New 52-Week High – Here’s Why

Kubota Corp. (OTCMKTS:KUBTY)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $75.00 and last traded at $74.70, with a volume of 83518 shares traded. The stock had previously closed at $71.10.

Wall Street Analysts Forecast Growth

KUBTY has been the topic of a number of research reports. UBS Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Zacks Research raised shares of Kubota from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Kubota Price Performance

The company has a market capitalization of $16.80 billion, a P/E ratio of 14.16 and a beta of 0.93. The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 0.51. The business has a 50 day simple moving average of $68.38 and a 200-day simple moving average of $62.09.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings data on Friday, November 7th. The industrial products company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.32. Kubota had a net margin of 5.95% and a return on equity of 6.50%. The firm had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.93 billion. Analysts predict that Kubota Corp. will post 5.57 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.