Zacks Investment Research upgraded shares of Komatsu Ltd. (OTCMKTS:KMTUY) from a hold rating to a strong-buy rating in a research note released on Tuesday, August 8th. Zacks Investment Research currently has $31.00 target price on the industrial products company’s stock.
According to Zacks, “KOMATSU LTD., headquartered in Tokyo, Japan, is the world’s second largest manufacturer of earthmoving and construction machines, with annual revenues of 7,580 million euros (9.2 billion US$) and more than 30.000 employees worldwide. “
Komatsu (OTCMKTS:KMTUY) traded up 0.85% during trading on Tuesday, hitting $25.96. 57,240 shares of the stock traded hands. The stock has a market cap of $24.48 billion, a P/E ratio of 20.11 and a beta of 0.86. Komatsu has a 52-week low of $21.30 and a 52-week high of $27.50. The company’s 50 day moving average price is $26.30 and its 200-day moving average price is $25.47.
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Komatsu Ltd. is a provider of industrial-use products and services. The Company is engaged in the business of construction and mining equipment, industrial machinery and vehicles, logistics, electronics and other solutions-based operations. Its DANTOTSU service includes KOMTRAX, which is a machine tracking system whose terminals are installed on construction equipment to transmit information concerning the location, cumulative hours of operation and operating condition of vehicles, and KOMTRAX Plus, which is used in mining.
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