Marubeni (OTCMKTS:MARUY) Cut to Strong Sell at Zacks Research

Marubeni (OTCMKTS:MARUY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, The Goldman Sachs Group started coverage on Marubeni in a report on Tuesday, January 6th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Marubeni Stock Up 0.2%

MARUY opened at $331.00 on Tuesday. The firm has a market cap of $54.50 billion, a price-to-earnings ratio of 14.29, a PEG ratio of 1.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.04 and a current ratio of 1.42. The firm’s 50-day simple moving average is $287.02 and its 200-day simple moving average is $252.54. Marubeni has a twelve month low of $126.85 and a twelve month high of $337.22.

Marubeni (OTCMKTS:MARUY) last released its quarterly earnings results on Tuesday, November 4th. The conglomerate reported $6.22 EPS for the quarter, beating analysts’ consensus estimates of $4.38 by $1.84. The firm had revenue of $13.30 billion for the quarter, compared to analyst estimates of $12.30 billion. Marubeni had a net margin of 7.04% and a return on equity of 14.83%. Equities research analysts anticipate that Marubeni will post 19.54 EPS for the current fiscal year.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.