Marubeni (OTCMKTS:MARUY) Sees Large Volume Increase - Still a Buy?

Key Points

• 248% volume increase: Trading jumped to 110,921 shares midday (up 248% from the prior session) while the stock last traded at $370.67 versus a prior close of $385.62.
• Mixed analyst view: Goldman Sachs initiated coverage with a "buy" while Zacks upgraded to "hold," leaving a consensus rating of "Moderate Buy."
• Quarterly miss but reasonable fundamentals: Marubeni reported EPS of $5.01 versus $5.39 expected and slightly missed revenue, yet the company has a P/E of 17.9, market cap of $61.2B and modest leverage (debt/equity 0.48).

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) shares saw an uptick in trading volume on Wednesday . 110,921 shares traded hands during mid-day trading, an increase of 248% from the previous session's volume of 31,857 shares.The stock last traded at $370.6720 and had previously closed at $385.6150.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MARUY. Zacks Research upgraded shares of Marubeni from a "strong sell" rating to a "hold" rating in a research report on Wednesday, February 25th. The Goldman Sachs Group began coverage on shares of Marubeni in a research report on Tuesday, January 6th. They issued a "buy" rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Marubeni currently has an average rating of "Moderate Buy".

Marubeni Stock Performance

The stock's 50-day moving average price is $366.94 and its 200-day moving average price is $306.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.42. The company has a market capitalization of $61.22 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.67 and a beta of 0.57.

Marubeni (OTCMKTS:MARUY - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The conglomerate reported $5.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.39 by ($0.38). Marubeni had a net margin of 6.21% and a return on equity of 12.96%. The company had revenue of $12.64 billion for the quarter, compared to analyst estimates of $12.83 billion. As a group, equities research analysts expect that Marubeni Corp. will post 19.54 earnings per share for the current year.

About Marubeni

Marubeni Corporation OTCMKTS: MARUY is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company's activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.

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