Kubota (OTCMKTS:KUBTY) Rating Lowered to Hold at UBS Group

UBS Group lowered shares of Kubota (OTCMKTS:KUBTY - Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday, May 20th,Zacks.com reports.

Separately, The Goldman Sachs Group raised Kubota from a "strong sell" rating to a "hold" rating in a research note on Tuesday, February 4th.

Kubota Price Performance

KUBTY traded up $0.20 on Tuesday, reaching $54.86. The company had a trading volume of 225,590 shares, compared to its average volume of 49,070. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.23 and a current ratio of 1.65. Kubota has a 52-week low of $51.65 and a 52-week high of $74.95. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 5.29 and a beta of 1.07. The business has a 50 day simple moving average of $57.69 and a 200 day simple moving average of $60.15.

Kubota (OTCMKTS:KUBTY - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The industrial products company reported $1.18 earnings per share for the quarter, missing analysts' consensus estimates of $2.10 by ($0.92). Kubota had a net margin of 7.63% and a return on equity of 8.73%. The firm had revenue of $4.91 billion for the quarter, compared to analysts' expectations of $5.17 billion. As a group, sell-side analysts anticipate that Kubota will post 5.57 EPS for the current 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.