Makita (OTCMKTS:MKTAY) Upgraded at Wall Street Zen

Key Points

• Makita was upgraded from a "hold" to a "buy" rating by analysts at Wall Street Zen, marking a positive shift in its stock outlook.
• In contrast, Citigroup downgraded Makita from a "strong-buy" to a "hold," indicating mixed sentiments among analysts regarding its stock.
• Makita reported earnings of $0.50 per share, surpassing estimates, with a revenue of $1.26 billion in its last quarter.

Makita (OTCMKTS:MKTAY - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

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

Makita Stock Performance

Shares of OTCMKTS MKTAY traded up $0.06 during midday trading on Friday, hitting $32.79. 1,816 shares of the company's stock traded hands, compared to its average volume of 18,010. Makita has a 1 year low of $25.56 and a 1 year high of $39.05. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 15.92 and a beta of 0.63. The firm has a fifty day moving average of $30.66 and a 200 day moving average of $30.95.

Makita (OTCMKTS:MKTAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.12. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $187.49 billion. Makita had a return on equity of 9.11% and a net margin of 11.07%. On average, equities analysts anticipate 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.