Makita (OTCMKTS:MKTAY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Makita (OTCMKTS:MKTAY) from a sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

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. “

Separately, Goldman Sachs Group upgraded Makita from a neutral rating to a buy rating in a research note on Monday, January 6th.

Shares of Makita stock opened at $38.74 on Tuesday. Makita has a 52-week low of $27.47 and a 52-week high of $39.98. The stock’s 50-day simple moving average is $36.96 and its 200 day simple moving average is $32.95. The stock has a market capitalization of $10.62 billion, a P/E ratio of 22.52 and a beta of 0.84.

Makita (OTCMKTS:MKTAY) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.46 earnings per share (EPS) for the quarter. Makita had a return on equity of 9.03% and a net margin of 10.29%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Research analysts predict that Makita will post 1.59 earnings per share for the current fiscal year.

About Makita

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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