Kubota (OTCMKTS:KUBTY) Hits New 1-Year High – Here’s Why

Kubota Corp. (OTCMKTS:KUBTY)’s share price reached a new 52-week high on Friday . The company traded as high as $73.16 and last traded at $73.00, with a volume of 2977 shares trading hands. The stock had previously closed at $70.17.

Wall Street Analyst Weigh In

Several equities research analysts have commented on KUBTY shares. Zacks Research raised shares of Kubota from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. The Goldman Sachs Group raised Kubota from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Kubota Trading Up 3.9%

The stock has a market cap of $16.83 billion, a price-to-earnings ratio of 14.49 and a beta of 0.98. The business’s 50 day simple moving average is $66.10 and its 200 day simple moving average is $60.60. The company has a quick ratio of 1.31, a current ratio of 1.75 and a debt-to-equity ratio of 0.52.

Kubota (OTCMKTS:KUBTY) last issued its earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.32. Kubota had a return on equity of 6.50% and a net margin of 5.97%.The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.93 billion. On average, research analysts expect that Kubota Corp. will post 5.57 EPS for the current fiscal year.

About Kubota

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.