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

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

Analyst Upgrades and Downgrades

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

Kubota Price Performance

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

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, topping the consensus estimate of $1.16 by $0.32. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.93 billion. Kubota had a return on equity of 6.50% and a net margin of 5.95%. Equities analysts predict 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.