Kubota (OTCMKTS:KUBTY) Stock Rating Upgraded by 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 report released on Monday morning,Zacks.com reports.

Other equities research analysts have also issued reports about the company. The Goldman Sachs Group upgraded 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 report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Kubota Price Performance

Shares of OTCMKTS:KUBTY traded up $0.51 on Monday, hitting $60.31. The company had a trading volume of 13,538 shares, compared to its average volume of 15,520. The business has a 50 day moving average of $57.10 and a 200 day moving average of $58.56. Kubota has a 52-week low of $51.65 and a 52-week high of $74.95. The company has a market cap of $13.93 billion, a PE ratio of 11.99, a PEG ratio of 5.38 and a beta of 1.04. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 0.51.

Kubota (OTCMKTS:KUBTY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share (EPS) 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 business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $752.88 billion. As a group, equities analysts anticipate that Kubota will post 5.57 earnings per share 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.