Zacks Investment Research Upgrades Makita (MKTAY) to “Strong-Buy”

Makita (OTCMKTS:MKTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Saturday. The firm currently has a $48.00 target price on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.97% from the stock’s previous close.

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 (OTCMKTS MKTAY) opened at $42.49 on Friday. Makita has a 12-month low of $30.22 and a 12-month high of $43.85. The company has a market cap of $11,758.47, a price-to-earnings ratio of 28.37 and a beta of 0.20.

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About Makita

Makita Corporation is engaged in the business of production and sale of electric power tools, woodworking machines, pneumatic tools, gardening equipment and household equipment. The Company manufactures and sells portable electric planers. The Company’s segments are Japan, Europe, North America, Asia and Other area.

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