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Nomura downgrades Kubota (KUBTF) to a Hold
Kubota (KUBTF – Research Report) received a Hold rating and a Yen1,610.00 price target from Nomura analyst Kentaro Maekawa today. The company’s shares closed last Thursday at $11.65.
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According to TipRanks, Maekawa is a 4-star analyst with an average return of 24.5% and a 50.00% success rate. Maekawa covers the Industrials sector, focusing on stocks such as IHI, Kubota, and Kawasaki Heavy Industries.
Kubota has an analyst consensus of Hold, with a price target consensus of $12.57, representing a 7.90% upside. In a report released on May 21, Citi also maintained a Hold rating on the stock with a Yen1,850.00 price target.
KUBTF market cap is currently $13.01B and has a P/E ratio of 10.24.
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