Marubeni (OTCMKTS:MARUY) Sets New 1-Year High - Here's Why

Key Points

• Marubeni Corp. shares reached a new 52-week high of $245.00, closing at $244.13 with a trading volume of 2,180 shares.
• Zacks Research upgraded Marubeni's stock from a "hold" to a "strong-buy" rating, contributing to the company's consensus rating of "Strong Buy."
• The company reported earnings of $6.47 per share for the last quarter, surpassing analysts' estimates, with a revenue of $14.38 billion, slightly below expectations.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $245.00 and last traded at $244.13, with a volume of 2180 shares. The stock had previously closed at $239.49.

Analysts Set New Price Targets

Separately, Zacks Research raised Marubeni from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 19th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

Marubeni Stock Up 2.1%

The stock has a 50 day moving average price of $217.55 and a 200-day moving average price of $192.65. The stock has a market capitalization of $40.61 billion, a P/E ratio of 11.75, a PEG ratio of 1.62 and a beta of 0.69. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.44 and a quick ratio of 1.06.

Marubeni (OTCMKTS:MARUY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The conglomerate reported $6.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.26 by $0.21. The firm had revenue of $14.38 billion for the quarter, compared to analysts' expectations of $14.64 billion. Marubeni had a return on equity of 13.84% and a net margin of 6.52%. As a group, research analysts expect that Marubeni Corp. will post 19.54 EPS for the current fiscal year.

About Marubeni

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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