Kubota (OTCMKTS:KUBTY) Upgraded by Zacks Research to Strong-Buy Rating

Kubota (OTCMKTS:KUBTY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Separately, UBS Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Three investment analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, Kubota presently has an average rating of “Strong Buy”.

Kubota Stock Performance

Kubota stock opened at $74.76 on Thursday. The company has a 50 day moving average price of $72.26 and a 200-day moving average price of $65.47. The company has a market capitalization of $17.00 billion, a PE ratio of 14.54 and a beta of 0.91. Kubota has a fifty-two week low of $51.65 and a fifty-two week high of $79.28. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.26 and a current ratio of 1.68.

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, topping analysts’ consensus estimates of $1.16 by $0.32. The company had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.93 billion. Kubota had a net margin of 5.95% and a return on equity of 6.50%. As a group, equities analysts forecast that Kubota will post 5.57 earnings per share for the current 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.