Kubota (OTCMKTS:KUBTY) Hits New 12-Month High - Should You Buy?

Key Points

• Kubota Corp. shares hit a new 12-month high, reaching $71.15 with a trading volume of 1,689 shares.
• Despite the rise in stock price, analyst ratings are mixed; Zacks recently downgraded Kubota to a strong sell, while Goldman Sachs upgraded it to strong buy.
• Kubota reported earnings of $1.54 per share, missing estimates, with a revenue of $5.04 billion, significantly below analyst forecasts.

Shares of Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $71.15 and last traded at $71.15, with a volume of 1689 shares traded. The stock had previously closed at $68.31.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Zacks Research cut Kubota from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 16th. The Goldman Sachs Group raised shares of Kubota from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kubota has an average rating of "Hold".

Kubota Trading Up 0.9%

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.75 and a quick ratio of 1.31. The business's 50-day moving average price is $62.18 and its two-hundred day moving average price is $58.32. The company has a market capitalization of $15.92 billion, a P/E ratio of 13.71 and a beta of 0.98.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.05). The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $752.88 billion. Kubota had a net margin of 5.97% and a return on equity of 6.50%. As a group, analysts forecast that Kubota Corp. will post 5.57 EPS for the current fiscal year.

About Kubota

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.