Kubota (OTCMKTS:KUBTY) Shares Pass Above Fifty Day Moving Average - Here's Why

Key Points

• Kubota Corp. (OTCMKTS:KUBTY) shares have crossed above their 50-day moving average, reaching a high of $64.99 during trading.
• Recent analyst updates have seen Goldman Sachs upgrade Kubota to a "strong-buy" rating, while Zacks Research has downgraded it to a "strong sell".
• The company reported earnings of $1.54 per share, missing estimates by $0.05, with revenues of $5.04 billion, significantly lower than analyst expectations.

Shares of Kubota Corp. (OTCMKTS:KUBTY - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $61.09 and traded as high as $64.99. Kubota shares last traded at $64.75, with a volume of 9,275 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on KUBTY shares. The Goldman Sachs Group upgraded Kubota from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. Zacks Research cut Kubota from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Kubota Stock Performance

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.31 and a current ratio of 1.75. The firm's 50 day moving average price is $61.09 and its 200-day moving average price is $58.23. The firm has a market capitalization of $14.95 billion, a PE ratio of 12.87 and a beta of 0.98.

Kubota (OTCMKTS:KUBTY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The industrial products company reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.59 by ($0.05). Kubota had a net margin of 5.97% and a return on equity of 6.50%. The business had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $752.88 billion. On average, research analysts expect that Kubota Corp. will post 5.57 EPS for the current 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.

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