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

Kubota Corp. (OTCMKTS:KUBTY) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $87.35 and last traded at $87.35, with a volume of 15861 shares traded. The stock had previously closed at $86.4250.

Wall Street Analysts Forecast Growth

KUBTY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Kubota from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 22nd. UBS Group upgraded Kubota from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Three research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Kubota currently has an average rating of “Strong Buy”.

Kubota Price Performance

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.68 and a quick ratio of 1.26. The firm has a 50-day simple moving average of $74.74 and a 200 day simple moving average of $67.45. The firm has a market cap of $19.86 billion, a PE ratio of 16.99 and a beta of 0.92.

Kubota (OTCMKTS:KUBTY) last issued its quarterly 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. Kubota had a net margin of 5.95% and a return on equity of 6.50%. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.93 billion. As a group, equities analysts expect that Kubota Corp. will post 5.57 EPS 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.