Kubota (OTCMKTS:KUBTY – Get Rating) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a report issued on Thursday, The Fly reports.
Separately, The Goldman Sachs Group lowered Kubota from a “buy” rating to a “neutral” rating in a report on Wednesday, June 1st.
OTCMKTS:KUBTY opened at $75.00 on Thursday. The stock’s fifty day moving average is $86.19 and its 200 day moving average is $95.03. Kubota has a fifty-two week low of $72.80 and a fifty-two week high of $119.53. The firm has a market capitalization of $18.12 billion, a PE ratio of 11.72, a PEG ratio of 5.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.03 and a current ratio of 1.42.
Kubota (OTCMKTS:KUBTY – Get Rating) last released its quarterly earnings results on Thursday, May 12th. The industrial products company reported $1.78 earnings per share for the quarter. Kubota had a return on equity of 9.66% and a net margin of 7.70%. The company had revenue of $5.11 billion for the quarter. Equities analysts forecast that Kubota will post 6.49 EPS for the current year.
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About Kubota (Get Rating)
Kubota Corporation manufactures and markets machinery and related solutions in the food, water, and environment markets in Japan, North America, Europe, Asia, and internationally. It operates in three segments: Farm & Industrial Machinery, Water & Environment, and Other. The Farm & Industrial Machinery segment offers tractors, power tillers, combine harvesters, rice transplanters, turf equipment, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, and other agricultural equipment; cooperative drying, rice seedling, and gardening facilities; rice mill plants; scales, weighing and measuring control systems, and air purifiers; engines for farming, construction, industrial machinery, and generators; and mini excavators, wheel and skid steer loaders, compact track and, and other construction machinery related products.
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