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

Makita (OTCMKTS:MKTAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The firm presently has a $52.00 price target on the stock. Zacks Investment Research‘s target price suggests a potential upside of 12.34% from the stock’s current price.

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 (MKTAY) traded down $0.23 on Thursday, reaching $46.29. 5,456 shares of the company’s stock traded hands, compared to its average volume of 19,354. The stock has a market capitalization of $12,981.59, a P/E ratio of 31.32, a price-to-earnings-growth ratio of 2.54 and a beta of 0.31. Makita has a fifty-two week low of $30.22 and a fifty-two week high of $49.61.

Makita (OTCMKTS:MKTAY) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.06 billion. analysts forecast that Makita will post 1.9 earnings per share for the current year.

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Makita Company Profile

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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