The Goldman Sachs Group Upgrades Kubota (OTCMKTS:KUBTY) to “Hold”

Kubota (OTCMKTS:KUBTY) was upgraded by The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Kubota Stock Performance

Kubota stock opened at $62.18 on Tuesday. The firm’s 50 day simple moving average is $59.95 and its 200 day simple moving average is $65.27. The company has a current ratio of 1.65, a quick ratio of 1.23 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $14.36 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 4.17 and a beta of 0.97. Kubota has a 1-year low of $54.19 and a 1-year high of $85.00.

Kubota (OTCMKTS:KUBTY) last issued its quarterly earnings results on Friday, November 8th. The industrial products company reported $1.37 EPS for the quarter. Kubota had a net margin of 8.34% and a return on equity of 9.73%. The firm had revenue of $4.69 billion for the quarter. As a group, analysts expect that Kubota will post 6.71 earnings per share for the current fiscal year.

Kubota Company Profile

Kubota Corporation manufactures and sells agricultural and construction machinery in Japan, North America, Europe, Asia, and internationally. It operates through three segments: Farm & Machinery, Water & Environment, and Others. The Farm & Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, intermediate management machine, and other equipment; cooperative drying, rice seedling, and gardening facilities; scales, weighing and measuring control systems, and air purifier; engines for farm equipment, construction machinery, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track loaders, and other construction machinery related products.