Makita (OTCMKTS:MKTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Saturday, December 2nd. The brokerage currently has a $48.00 price target on the stock. Zacks Investment Research‘s price target would suggest a potential upside of 14.98% from the stock’s current price.
According to Zacks, “Makita Corp manufactures portable electric power tools, hand-held vacuum cleaners and power saws. Their products include impact wrenches, band saws, groove cutters, hedgetrimmers and weed cutters. They also make attachments and other parts along with performing repair work. Makita Benelux BV is the Netherlands subsidiary. “
Makita (OTCMKTS:MKTAY) traded up $0.75 during midday trading on Friday, reaching $41.75. The company’s stock had a trading volume of 8,426 shares, compared to its average volume of 12,459. Makita has a 12-month low of $30.22 and a 12-month high of $43.85.
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Makita Company Profile
Makita Corporation is engaged in the business of production and sale of electric power tools, woodworking machines, pneumatic tools, gardening equipment and household equipment. The Company manufactures and sells portable electric planers. The Company’s segments are Japan, Europe, North America, Asia and Other area.
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