Makita (OTCMKTS:MKTAY) Rating Lowered to Hold at Wall Street Zen

Key Points

• Makita has been downgraded by both Wall Street Zen and Citigroup from higher ratings to a "hold" rating, indicating a shift in investor sentiment.
• As of the latest reports, Makita's stock was trading at $32.46, with a market capitalization of $8.73 billion and a P/E ratio of 17.84.
• In its recent earnings report, Makita beat analysts' expectations with $0.43 earnings per share for the quarter, significantly above the expected $0.22.

Wall Street Zen lowered shares of Makita (OTCMKTS:MKTAY - Free Report) from a buy rating to a hold rating in a report published on Sunday.

Separately, Citigroup cut shares of Makita from a "strong-buy" rating to a "hold" rating in a report on Monday, April 7th.

Makita Stock Down 4.3%

MKTAY traded down $1.39 on Friday, reaching $30.94. 5,111 shares of the company traded hands, compared to its average volume of 18,289. The company has a market cap of $8.32 billion, a P/E ratio of 17.00 and a beta of 0.65. The firm has a fifty day simple moving average of $30.54 and a two-hundred day simple moving average of $30.85. Makita has a one year low of $25.56 and a one year high of $39.05.

Makita (OTCMKTS:MKTAY - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.21. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $186.50 billion. Makita had a net margin of 10.05% and a return on equity of 8.16%. On average, equities analysts forecast that Makita will post 1.56 earnings per share for the current year.

Makita Company Profile

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.