Marubeni (OTCMKTS:MARUY) Downgraded by Zacks Research to "Hold"

Key Points

• Marubeni Corporation has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating in their latest report.
• The company reported earnings of $6.47 per share for the last quarter, exceeding estimates, but fell short on revenue with $14.38 billion against the projected $14.64 billion.
• Marubeni's stock is currently trading at $248.10 and has a market capitalization of $41.20 billion.

Marubeni (OTCMKTS:MARUY - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Marubeni Trading Down 0.8%

Shares of Marubeni stock opened at $248.10 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. Marubeni has a 12-month low of $126.85 and a 12-month high of $258.24. The company has a market capitalization of $41.20 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 1.78 and a beta of 0.68. The firm's 50-day moving average price is $228.32 and its two-hundred day moving average price is $199.38.

Marubeni (OTCMKTS:MARUY - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The conglomerate reported $6.47 earnings per share for the quarter, topping analysts' consensus estimates of $6.26 by $0.21. The company had revenue of $14.38 billion during the quarter, compared to the consensus estimate of $14.64 billion. Marubeni had a net margin of 6.52% and a return on equity of 13.84%. On average, analysts forecast that Marubeni will post 19.54 earnings per share for the current fiscal year.

Marubeni Company Profile

Marubeni Corporation engages in various business activities. It manufactures, wholesales, and retails apparel, footwear, home furnishing and sport goods, industrial and textile materials, tire and rubber materials, and household and nursing care products; develops uranium, nuclear fuel cycle, iron ore, coking coal, copper mines, and related equipment and services; smelts and refines aluminum and magnesium; leases temporary steel construction materials; explores for, develops, and produces oil and gas; manages infrastructure funds; and develops and manages real estate.

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