Komatsu (KMTUY) Lifted to Buy at Zacks Investment Research

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Komatsu (OTCMKTS:KMTUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $26.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 8.95% from the stock’s previous close.

According to Zacks, “KOMATSU LTD., headquartered in Tokyo, Japan, is the world’s second largest manufacturer of earthmoving and construction machines, with annual revenues of 7,580 million euros (9.2 billion US$) and more than 30.000 employees worldwide. “

Separately, ValuEngine upgraded shares of Komatsu from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd.

OTCMKTS KMTUY opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.00 and a current ratio of 1.76. Komatsu has a 52-week low of $20.33 and a 52-week high of $40.43. The company has a market cap of $20.79 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.50.

Komatsu (OTCMKTS:KMTUY) last released its quarterly earnings data on Monday, October 29th. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. Komatsu had a net margin of 8.26% and a return on equity of 12.51%. The firm had revenue of $6.03 billion for the quarter. On average, equities analysts predict that Komatsu will post 2.37 earnings per share for the current year.

Komatsu Company Profile

Komatsu Ltd. manufactures and sells construction, mining, and utility equipment worldwide. The company operates through three segments: Construction, Mining, and Utility Equipment; Retail Finance; and Industrial Machinery and Others. It offers construction and mining equipment, including electric rope shovels, continuous miners, hydraulic excavators, wheel loaders, bulldozers, motor graders, dump trucks, mini excavators, utility equipment, and other mining equipment.

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