Makita (OTCMKTS:MKTAY) Rating Increased to Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Makita (OTCMKTS:MKTAY) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports.

Makita Price Performance

Makita has a 52-week low of $23.38 and a 52-week high of $31.88. The company’s fifty day moving average is $29.04 and its 200 day moving average is $27.70. The company has a market cap of $7.54 billion, a P/E ratio of 24.79 and a beta of 0.77.

Makita (OTCMKTS:MKTAY) last released its earnings results on Friday, April 26th. The company reported $0.28 earnings per share for the quarter. Makita had a net margin of 5.89% and a return on equity of 5.12%. The firm had revenue of $1.28 billion during the quarter. As a group, research analysts expect that Makita will post 1.31 earnings per share for the current fiscal year.

Makita Company Profile

Makita Corporation engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sanding, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.