Komatsu (OTCMKTS:KMTUY) Upgraded at Zacks Research

Zacks Research upgraded shares of Komatsu (OTCMKTS:KMTUY) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Komatsu Stock Up 0.7%

Shares of KMTUY opened at $35.47 on Monday. The firm has a 50 day simple moving average of $32.84 and a two-hundred day simple moving average of $33.91. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.13. Komatsu has a one year low of $24.75 and a one year high of $39.56. The company has a market cap of $33.00 billion, a P/E ratio of 11.78, a P/E/G ratio of 5.17 and a beta of 1.02.

Komatsu (OTCMKTS:KMTUY) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. The company had revenue of $6.45 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Komatsu had a return on equity of 12.41% and a net margin of 10.25%. Research analysts forecast that Komatsu will post 2.73 EPS for the current fiscal year.

About Komatsu

Komatsu Ltd. (OTCMKTS: KMTUY) is a Japanese multinational manufacturer of construction, mining and industrial equipment. Founded in the early 20th century in Komatsu, Ishikawa Prefecture, the company has grown into a global supplier of heavy machinery and related services for industries including construction, mining, forestry and infrastructure development.

Komatsu’s product lineup covers a broad range of mobile and stationary equipment, including hydraulic excavators, bulldozers, wheel loaders, rigid and articulated dump trucks, dozers, compact equipment, and specialized mining machines for both surface and underground operations.