Marubeni (OTCMKTS:MARUY) Raised to Strong-Buy at Zacks Research

Marubeni (OTCMKTS:MARUY) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday, Zacks reports.

Marubeni Stock Down 1.9%

Marubeni stock opened at $31.88 on Tuesday. Marubeni has a fifty-two week low of $23.50 and a fifty-two week high of $42.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.01 and a current ratio of 1.36. The firm’s 50-day simple moving average is $31.28 and its 200 day simple moving average is $219.48. The stock has a market cap of $52.95 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.69 and a beta of 0.57.

Marubeni (OTCMKTS:MARUY) last posted its quarterly earnings data on Monday, August 3rd. The conglomerate reported $0.72 EPS for the quarter, beating the consensus estimate of $0.63 by $0.09. Marubeni had a net margin of 6.62% and a return on equity of 13.08%. The firm had revenue of $16.66 billion during the quarter, compared to analyst estimates of $13.80 billion. Research analysts predict that Marubeni will post 2.44 EPS for the current fiscal year.

About Marubeni

Marubeni Corporation is a Japan-based general trading company, or sogo shosha, that develops and manages businesses across a broad range of industries. Its activities include the import, export, distribution, investment and financing of products and services in areas such as food, agricultural products, forest products, chemicals, metals and mineral resources, energy, infrastructure, transportation and information technology.

The company is also involved in power generation and energy infrastructure, including renewable energy projects, as well as finance and leasing, real estate, construction, aerospace and mobility-related businesses.