Kubota (OTCMKTS:KUBTY) Hits New 12-Month High – Should You Buy?

Kubota Corp. (OTCMKTS:KUBTY) reached a new 52-week high during trading on Thursday . The stock traded as high as $78.40 and last traded at $78.40, with a volume of 45559 shares traded. The stock had previously closed at $74.51.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Kubota from a “hold” rating to a “strong sell” rating in a research note on Monday. UBS Group upgraded 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Kubota presently has a consensus rating of “Buy”.

Kubota Stock Performance

The company has a current ratio of 1.68, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The company has a market cap of $17.74 billion, a PE ratio of 15.18 and a beta of 0.91. The firm’s 50-day simple moving average is $70.99 and its two-hundred day simple moving average is $64.55.

Kubota (OTCMKTS:KUBTY) last posted its quarterly earnings results on Friday, November 7th. The industrial products company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 5.95% and a return on equity of 6.50%. As a group, research analysts anticipate that Kubota Corp. will post 5.57 earnings per share for the current fiscal 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.