Marubeni (OTCMKTS:MARUY) Downgraded to “Hold” at Zacks Investment Research


Marubeni (OTCMKTS:MARUY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Marubeni Corporation purchases, distributes, and markets various industrial and consumer goods worldwide. It is involved in importing and exporting, as well as transactions in the Japanese market, related to food, textiles, materials, pulp and paper, chemicals, energy, metals and mineral resources, transportation machinery, and includes offshore trading. The Company’s activities also extend to power projects and infrastructure, plants and industrial machinery, real estate development and construction, and finance, logistics and information industry. Additionally, the Company conducts business investment, development and management on a global level. Marubeni Corporation is headquartered in Tokyo, Japan. “

Separately, Daiwa Capital Markets raised shares of Marubeni from a “neutral” rating to an “outperform” rating in a research report on Monday, December 6th.

Shares of MARUY stock traded down $1.38 during mid-day trading on Friday, reaching $99.85. 3,874 shares of the company were exchanged, compared to its average volume of 3,755. Marubeni has a fifty-two week low of $65.71 and a fifty-two week high of $104.17. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.94 and a current ratio of 1.24. The company has a market capitalization of $17.36 billion, a P/E ratio of 5.75, a P/E/G ratio of 0.39 and a beta of 1.00. The business’s 50 day simple moving average is $95.14 and its 200 day simple moving average is $88.34.

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Marubeni (OTCMKTS:MARUY) last released its quarterly earnings results on Tuesday, November 2nd. The conglomerate reported $4.85 earnings per share for the quarter. Marubeni had a net margin of 4.46% and a return on equity of 17.32%. The business had revenue of $17.64 billion during the quarter. On average, analysts forecast that Marubeni will post 18.89 EPS for the current year.

About Marubeni

Marubeni Corp. engages in the business of importing and exporting services. It operates through the following segments: Food & Consumer Products; Chemical & Forest Products; Energy & Metals; Transportation & Industrial Machinery; Power Projects & Plant; and Others. The Food & Consumer Products segment engages in the manufacture and trade of all food products including feed grains, soybeans, wheat, sugar, processed foods, beverages, and their raw materials, foodstuffs for professional use, and agricultural, seafood and livestock products.

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