Kubota (OTCMKTS:KUBTY) Lowered to Strong Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of Kubota (OTCMKTS:KUBTY) from a hold rating to a strong sell rating in a research report released on Friday morning, Zacks.com reports.

According to Zacks, “Kubota is the world’s largest maker of small tractors and Japan’s 2nd largest manufacturer of farm equipment. The company is also Japan’s largest producer of ductile iron pipe (for water supply and sewer systems) and its maker of roofing materials. The Company makes engines, construction machinery, industrial castings and machinery, waste recycling plants, and prefab housing, and pumps. It has stakes in several US computer companies, including memory storage makers Maxoptix and Akashic Memories. “

KUBTY has been the subject of several other reports. Citigroup lowered Kubota from a buy rating to a sell rating in a research note on Monday, April 20th. ValuEngine upgraded Kubota from a sell rating to a hold rating in a report on Friday, March 6th.

KUBTY opened at $74.18 on Friday. The business has a fifty day simple moving average of $70.54 and a 200-day simple moving average of $70.30. Kubota has a fifty-two week low of $52.00 and a fifty-two week high of $84.11.

Kubota (OTCMKTS:KUBTY) last released its quarterly earnings data on Tuesday, May 12th. The industrial products company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.50). The firm had revenue of $4.04 billion during the quarter. Equities research analysts forecast that Kubota will post 4.85 earnings per share for the current fiscal year.

Kubota Company Profile

Kubota Corporation manufactures and sells a range of machinery, and other industrial and consumer products in Japan, North America, Europe, Asia, and internationally. Its Farm & Industrial Machinery segment provides tractors, power tillers, combine harvesters, rice transplanters, lawn mowers, utility vehicles, other agricultural machinery, implements, attachments, post-harvest machinery, vegetable production equipment, and other agricultural equipment; cooperative drying, rice seedling, and gardening facilities; and rice mill plants.

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