Kubota (OTCMKTS:KUBTY) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Kubota (OTCMKTS:KUBTY) from a sell rating to a hold rating in a research report released on Tuesday 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. “

A number of other equities research analysts have also recently commented on KUBTY. Goldman Sachs Group upgraded Kubota from a sell rating to a neutral rating in a research report on Wednesday, August 28th. ValuEngine raised Kubota from a sell rating to a hold rating in a research note on Sunday, August 18th.

Shares of KUBTY stock opened at $79.20 on Tuesday. The stock’s fifty day moving average price is $78.98 and its 200 day moving average price is $77.27. Kubota has a 1-year low of $66.25 and a 1-year high of $84.11.

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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