Kubota (OTCMKTS:KUBTY) Shares Gap Up – Still a Buy?

Kubota Corp. (OTCMKTS:KUBTY) gapped up prior to trading on Friday . The stock had previously closed at $74.78, but opened at $78.49. Kubota shares last traded at $78.21, with a volume of 671 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Zacks Research downgraded Kubota from a “hold” rating to a “strong sell” rating in a report on Monday. UBS Group raised shares of Kubota from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Kubota has an average rating of “Buy”.

Kubota Stock Performance

The company has a 50 day moving average of $71.26 and a two-hundred day moving average of $64.64. 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 company has a market capitalization of $17.80 billion, a PE ratio of 15.23 and a beta of 0.91.

Kubota (OTCMKTS:KUBTY) last announced its earnings results on Friday, November 7th. The industrial products company reported $1.48 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 firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.93 billion. As a group, equities research analysts predict that Kubota Corp. will post 5.57 earnings per share 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.