Marubeni (OTCMKTS:MARUY) Sets New 1-Year High - Still a Buy?

Key Points

• Marubeni Corp. has reached a new 52-week high of $232.00, with its last traded price at $229.00 and a trading volume of 11,917 shares.
• Zacks Research upgraded Marubeni from a "hold" rating to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" among analysts.
• The company reported quarterly earnings of $6.47 per share, exceeding expectations, with a revenue of $14.38 billion against forecasts of $14.64 billion.

Marubeni Corp. (OTCMKTS:MARUY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $232.00 and last traded at $229.00, with a volume of 11917 shares traded. The stock had previously closed at $225.91.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded 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, Based on data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Marubeni Stock Performance

The company has a market cap of $38.57 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.60 and a beta of 0.69. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average price of $210.47 and a two-hundred day moving average price of $186.91.

Marubeni (OTCMKTS:MARUY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The conglomerate reported $6.47 EPS for the quarter, topping analysts' consensus estimates of $6.26 by $0.21. Marubeni had a return on equity of 13.84% and a net margin of 6.52%.The firm had revenue of $14.38 billion for the quarter, compared to analyst estimates of $14.64 billion. On average, research analysts predict that Marubeni Corp. 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.