Zacks Investment Research upgraded shares of Makita (OTCMKTS:MKTAY) from a hold rating to a buy rating in a report issued on Wednesday. Zacks Investment Research currently has $51.00 price target on the stock.
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 stock opened at $45.06 on Wednesday. Makita has a 1-year low of $39.09 and a 1-year high of $51.40. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.65 and a beta of 0.35.
Makita Corporation engages in the manufacture and wholesale of electric power tools, woodworking machines, pneumatic tools, and gardening and household equipment. The company operates through Japan Group, Europe Group, North America Group, Asia Group, and Other Regions Group segments. It offers cordless, drilling/fastening, impact drilling/demolition, grinding/sandling, sawing, planning/routering, pneumatic, outdoor power, and dust extraction/other equipment, as well as accessories; and cutting equipment for new materials, masonry, and metals.
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