Zacks Investment Research Downgrades Kubota (KUBTY) to Hold

Zacks Investment Research cut shares of Kubota (OTCMKTS:KUBTY) from a buy rating to a hold rating in a research report report published on Wednesday morning.

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. “

Separately, ValuEngine upgraded shares of Kubota from a hold rating to a buy rating in a research report on Sunday, December 31st.

Shares of Kubota (OTCMKTS KUBTY) opened at $104.28 on Wednesday. The company has a market cap of $25,640.00, a PE ratio of 19.86, a PEG ratio of 1.67 and a beta of 1.19. Kubota has a 12-month low of $73.00 and a 12-month high of $104.28.

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About Kubota

KUBOTA Corporation is a manufacturer of a range of machinery, and other industrial and consumer products. The Company operates through three segments: Farm & Industrial Machinery, Water & Environment, and Other. The Farm & Industrial Machinery segment is engaged in the manufacture and sale of products, which include farm equipment, engines, construction machinery and electronic equipped machinery.

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