Kubota (OTCMKTS:KUBTY) Shares Gap Up – Time to Buy?

Shares of Kubota Corp. (OTCMKTS:KUBTY) gapped up before the market opened 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 trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have 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 Kubota from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Two analysts have rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Kubota has an average rating of “Buy”.

Kubota Stock Performance

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 stock has a market capitalization of $17.80 billion, a P/E ratio of 15.23 and a beta of 0.91. The business has a fifty day moving average price of $71.26 and a 200-day moving average price of $64.64.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings data on Friday, November 7th. The industrial products company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.16 by $0.32. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.93 billion. Kubota had a return on equity of 6.50% and a net margin of 5.95%. On average, sell-side analysts expect that Kubota Corp. will post 5.57 EPS for the current 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.