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 stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

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

Makita Price Performance

OTCMKTS:MKTAY opened at $32.31 on Friday. Makita has a 1-year low of $25.56 and a 1-year high of $39.05. The firm's 50-day moving average price is $30.61 and its 200-day moving average price is $30.89. The company has a market capitalization of $8.69 billion, a PE ratio of 15.68 and a beta of 0.63.

Makita (OTCMKTS:MKTAY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.12. Makita had a return on equity of 9.11% and a net margin of 11.07%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $187.49 billion. Equities analysts anticipate that Makita will post 1.56 EPS for the current fiscal year.

About Makita

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.

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