Kubota (OTCMKTS:KUBTY) Rating Increased to Hold at Zacks Research

Key Points

• Kubota has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, reflecting a shift in analyst sentiment regarding the stock.
• Another major firm, UBS Group, downgraded their rating for Kubota from "strong-buy" to "hold," while Goldman Sachs upgraded it from "hold" to "strong-buy" in recent analyses.
• Kubota's most recent earnings report revealed an EPS of $1.54, which fell short of the consensus estimate by $0.05, amidst revenue of $5.04 billion for the quarter.

Zacks Research upgraded shares of Kubota (OTCMKTS:KUBTY - Free Report) from a strong sell rating to a hold rating in a research note released on Monday, August 18th,Zacks.com reports.

KUBTY has been the subject of a number of other reports. The Goldman Sachs Group raised Kubota from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. UBS Group downgraded Kubota from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

Kubota Stock Up 1.3%

Shares of KUBTY traded up $0.77 during midday trading on Monday, reaching $61.08. 6,219 shares of the stock were exchanged, compared to its average volume of 44,325. Kubota has a 12-month low of $51.65 and a 12-month high of $74.95. The firm has a 50 day simple moving average of $57.10 and a 200-day simple moving average of $58.51. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 0.51. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 5.43 and a beta of 1.04.

Kubota (OTCMKTS:KUBTY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share for the quarter, missing analysts' consensus estimates of $1.59 by ($0.05). Kubota had a return on equity of 6.57% and a net margin of 5.97%.The firm had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $752.88 billion. Research analysts forecast 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.