Marubeni (OTCMKTS:MARUY) Hits New 52-Week High – Time to Buy?

Marubeni Corp. (OTCMKTS:MARUY)’s share price reached a new 52-week high on Monday . The stock traded as high as $306.37 and last traded at $305.25, with a volume of 2463 shares traded. The stock had previously closed at $299.00.

Analysts Set New Price Targets

MARUY has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on Marubeni in a research report on Tuesday, January 6th. They issued a “buy” rating for the company. Zacks Research downgraded shares of Marubeni from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Marubeni Trading Up 2.7%

The stock has a market capitalization of $51.00 billion, a P/E ratio of 13.26, a P/E/G ratio of 2.11 and a beta of 0.60. The business’s fifty day simple moving average is $269.23 and its two-hundred day simple moving average is $242.05. The company has a current ratio of 1.42, a quick ratio of 1.04 and a debt-to-equity ratio of 0.49.

Marubeni (OTCMKTS:MARUY) last announced its quarterly earnings data on Tuesday, November 4th. The conglomerate reported $6.22 EPS for the quarter, topping analysts’ consensus estimates of $4.38 by $1.84. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $12.30 billion. Marubeni had a return on equity of 14.83% and a net margin of 7.04%. As a group, analysts forecast that Marubeni Corp. will post 19.54 earnings per share for the current year.

About Marubeni

Marubeni Corporation (OTCMKTS:MARUY) is a major Japanese sogo shosha, or integrated trading and investment company, headquartered in Tokyo. The firm conducts a broad range of commercial activities that span commodity trading, project development, investment and financing, and supply-chain services. Marubeni operates through a network of subsidiaries, joint ventures and branch offices to support cross-border trade and large-scale industrial projects.

The company’s activities cover a wide set of industry sectors, including energy and power, metals and minerals, chemicals and industrial materials, food and consumer products, transportation and industrial machinery, and infrastructure.