Makita (OTCMKTS:MKTAY) Upgraded at Wall Street Zen

Makita (OTCMKTS:MKTAY) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, The Goldman Sachs Group cut shares of Makita from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Makita Stock Up 7.2%

MKTAY stock opened at $35.01 on Friday. Makita has a 52 week low of $25.56 and a 52 week high of $39.05. The stock has a market capitalization of $9.26 billion, a P/E ratio of 18.52 and a beta of 0.52. The firm has a 50-day simple moving average of $30.55 and a 200-day simple moving average of $31.72.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings data on Thursday, January 29th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.19 billion. Makita had a return on equity of 7.93% and a net margin of 9.96%. On average, analysts expect that Makita will post 1.56 earnings per share for the current year.

Makita Company Profile

Makita Corporation (OTCMKTS:MKTAY) is a global manufacturer of professional and consumer power tools headquartered in Anjō, Aichi Prefecture, Japan. Founded in 1915 as an electric motor sales and repair company, it incorporated as Makita Electric Works, Ltd. in 1958 and has since expanded its product portfolio to serve both industrial and residential markets. The company’s core business activities encompass the design, production and distribution of power tools, outdoor power equipment and accessories.

Makita’s product lineup includes cordless and corded electric drills, drivers, saws, grinders, sanders and rotary hammers, as well as pneumatic and gasoline-powered machinery.