Kubota (OTCMKTS:KUBTY) Sets New 52-Week High – Should You Buy?

Kubota Corp. (OTCMKTS:KUBTY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $81.36 and last traded at $81.36, with a volume of 304 shares trading hands. The stock had previously closed at $76.7190.

Analysts Set New Price Targets

A number of brokerages have issued reports on KUBTY. Zacks Research raised shares of Kubota from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 22nd. UBS Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Three analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

Kubota Stock Performance

The company has a quick ratio of 1.26, a current ratio of 1.68 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $73.69 and a 200 day moving average price of $66.68. The stock has a market cap of $18.62 billion, a P/E ratio of 15.93 and a beta of 0.92.

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 the consensus estimate of $1.16 by $0.32. The business had revenue of $4.89 billion during 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 EPS for the current year.

About Kubota

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.