Marubeni (OTCMKTS:MARUY) Raised to "Strong-Buy" at Zacks Research

Key Points

• Marubeni has been upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, indicating a positive outlook from analysts.
• The company reported $6.47 EPS for the latest quarter, surpassing expectations and showing a return on equity of 13.84%.
• Marubeni has seen significant stock price movement, with a twelve-month range from $126.85 to $225.00 and a current market cap of $37.03 billion.

Marubeni (OTCMKTS:MARUY - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued on Tuesday, August 19th,Zacks.com reports.

Marubeni Stock Performance

Shares of OTCMKTS:MARUY traded up $1.11 on Tuesday, reaching $225.39. 4,253 shares of the company's stock were exchanged, compared to its average volume of 31,519. The firm has a market capitalization of $37.43 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.58 and a beta of 0.80. Marubeni has a fifty-two week low of $126.85 and a fifty-two week high of $229.49. The business's 50-day moving average is $207.72 and its two-hundred day moving average is $184.36. 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 (OTCMKTS:MARUY - Get Free Report) last issued its 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. Marubeni had a net margin of 6.52% and a return on equity of 13.84%. The company had revenue of $14.38 billion for the quarter, compared to analysts' expectations of $14.64 billion. As a group, equities research analysts forecast that Marubeni will post 19.54 EPS for the current 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.