Kubota (OTCMKTS:KUBTY) Reaches New 1-Year High – Should You Buy?

Kubota Corp. (OTCMKTS:KUBTY)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $75.02 and last traded at $75.02, with a volume of 1239 shares changing hands. The stock had previously closed at $74.06.

Analysts Set New Price Targets

KUBTY has been the topic of a number of recent research reports. Zacks Research raised shares of Kubota from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. UBS Group upgraded shares of Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Kubota Price Performance

The company’s 50-day moving average price is $69.96 and its two-hundred day moving average price is $63.83. The company has a market cap of $17.31 billion, a P/E ratio of 14.58 and a beta of 0.91. The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51.

Kubota (OTCMKTS:KUBTY) last posted its earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.32. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.93 billion. Kubota had a return on equity of 6.50% and a net margin of 5.95%. As a group, sell-side analysts expect that Kubota Corp. will post 5.57 earnings per share for the current year.

Kubota Company Profile

Kubota Corporation (OTCMKTS: KUBTY) is a Japanese multinational manufacturer specializing in agricultural machinery, construction equipment, engines and water infrastructure systems. Founded in 1890 and headquartered in Osaka, Japan, the company has grown from its origins as a cast-iron manufacturer into a diversified industrial enterprise. Kubota’s agricultural machinery portfolio includes tractors, combine harvesters, rice transplanters and irrigation equipment, while its construction machinery lineup features compact excavators, wheel loaders and skid-steer loaders.