Kubota (OTCMKTS:KUBTY) Shares Gap Down – Here’s What Happened

Kubota Corp. (OTCMKTS:KUBTY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $77.62, but opened at $74.60. Kubota shares last traded at $74.60, with a volume of 1,061 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on KUBTY. Zacks Research lowered Kubota from a “hold” rating to a “strong sell” rating in a research note on Monday. UBS Group upgraded shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Kubota has an average rating of “Buy”.

Kubota Stock Up 0.3%

The firm has a market cap of $17.00 billion, a P/E ratio of 14.54 and a beta of 0.91. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $70.80 and a 200-day moving average price of $64.48.

Kubota (OTCMKTS:KUBTY) last released 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 return on equity of 6.50% and a net margin of 5.95%.The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.93 billion. On average, equities analysts forecast that Kubota Corp. will post 5.57 EPS for the current fiscal year.

About Kubota

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.