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Makita (OTCMKTS:MKTAY) Downgraded to "Hold" Rating by Wall Street Zen

Makita logo with Consumer Discretionary background

Wall Street Zen downgraded shares of Makita (OTCMKTS:MKTAY - Free Report) from a buy rating to a hold rating in a research note published on Saturday.

A number of other equities analysts also recently issued reports on the company. UBS Group raised Makita from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 30th. Citigroup downgraded Makita from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 7th.

View Our Latest Report on MKTAY

Makita Stock Down 2.5%

MKTAY traded down $0.78 on Friday, hitting $30.21. 10,764 shares of the company traded hands, compared to its average volume of 17,326. The company has a 50 day moving average of $30.20 and a 200-day moving average of $30.87. The stock has a market capitalization of $8.13 billion, a PE ratio of 18.09 and a beta of 0.67. Makita has a 12-month low of $25.56 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $0.22 by $0.21. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $186.50 billion. Makita had a return on equity of 7.52% and a net margin of 9.09%. On average, research analysts anticipate that Makita will post 1.56 EPS for the current year.

Makita Company Profile

(Get Free Report)

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.

Further Reading

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