Marubeni (OTCMKTS:MARUY) Upgraded to “Strong-Buy” at Zacks Research

Marubeni (OTCMKTS:MARUY) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Marubeni Stock Down 1.9%

Shares of OTCMKTS MARUY opened at $31.88 on Tuesday. The stock has a market capitalization of $52.95 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.69 and a beta of 0.57. The company has a 50-day moving average price of $31.28 and a 200-day moving average price of $219.48. Marubeni has a 1 year low of $23.50 and a 1 year high of $42.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.01.

Marubeni (OTCMKTS:MARUY) last posted its earnings results on Monday, August 3rd. The conglomerate reported $0.72 EPS for the quarter, topping the consensus estimate of $0.63 by $0.09. Marubeni had a net margin of 6.62% and a return on equity of 13.08%. The company had revenue of $16.66 billion during the quarter, compared to the consensus estimate of $13.80 billion. On average, equities research analysts forecast that Marubeni will post 2.44 EPS for the current fiscal year.

Marubeni Company Profile

Marubeni Corporation is a Japan-based general trading company, or sogo shosha, that develops and manages businesses across a broad range of industries. Its activities include the import, export, distribution, investment and financing of products and services in areas such as food, agricultural products, forest products, chemicals, metals and mineral resources, energy, infrastructure, transportation and information technology.

The company is also involved in power generation and energy infrastructure, including renewable energy projects, as well as finance and leasing, real estate, construction, aerospace and mobility-related businesses.