Makita (OTCMKTS:MKTAY) Lowered to “Hold” Rating by Wall Street Zen

Makita (OTCMKTS:MKTAY) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also recently issued reports on MKTAY. UBS Group upgraded shares of Makita from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 30th. Citigroup cut Makita from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 7th.

Makita Stock Performance

OTCMKTS MKTAY opened at $30.86 on Friday. The stock has a 50 day moving average price of $30.03 and a 200-day moving average price of $30.88. Makita has a one year low of $25.56 and a one year high of $39.05. The company has a market capitalization of $8.30 billion, a P/E ratio of 18.48 and a beta of 0.67.

Makita (OTCMKTS:MKTAY) last released its quarterly earnings results on Monday, April 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.21. Makita had a net margin of 9.09% and a return on equity of 7.52%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $186.50 billion. As a group, equities analysts predict that Makita will post 1.56 EPS 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.