Marubeni (OTCMKTS:MARUY) Upgraded at Zacks Research

Zacks Research upgraded shares of Marubeni (OTCMKTS:MARUY) from a strong sell rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Separately, The Goldman Sachs Group started coverage on shares of Marubeni in a research report on Tuesday, January 6th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Marubeni Stock Down 1.1%

OTCMKTS:MARUY opened at $380.35 on Wednesday. The business’s fifty day moving average price is $332.72 and its 200 day moving average price is $277.71. The firm has a market capitalization of $62.62 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 1.88 and a beta of 0.60. The company has a current ratio of 1.42, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48. Marubeni has a 1-year low of $126.85 and a 1-year high of $426.06.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings data on Wednesday, February 4th. The conglomerate reported $5.01 EPS for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.38). The business had revenue of $12.64 billion for the quarter, compared to analyst estimates of $12.83 billion. Marubeni had a return on equity of 12.96% and a net margin of 6.21%. On average, sell-side analysts forecast that Marubeni will post 19.54 earnings per share for the current fiscal year.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.