KMTUY Stock Recent News

TUCSON, Ariz.--(BUSINESS WIRE)--In a thrilling departure from the high-speed world of Formula 1, Williams Racing drivers Alex Albon and Franco Colapinto, along with team principal James Vowles, traded their sleek FW46 cars for the colossal machines that power the mining industry. The trio recently visited Komatsu's Arizona Proving Grounds (AZPG) to experience firsthand the immense scale and technological prowess of Komatsu's mining equipment. The Williams Racing team had the opportunity to oper.

STOCKHOLM , Sept. 25, 2024 /PRNewswire/ -- For several years, Boliden and Komatsu have collaborated on the electrification and automation of mining trucks in the open pit copper mine Aitik.

TOKYO--(BUSINESS WIRE)--As an extension of its role as Principal Partner of the Williams Racing Formula 1 team, Komatsu is proud to announce the launch of the Komatsu-Williams Engineering Academy, a global initiative designed to cultivate the next generation of engineering talent. This prestigious program will offer 10 promising STEM students from around the world a unique enhancement to their educational journey that includes mentorship, exposure to global industries and hands-on learning from.

Komatsu Ltd.'s aftermarket business revenue is expected to grow, and this will boost its revenue predictability. The company's mining equipment business is likely to benefit from market share gains and price hikes. My opinion of Komatsu Ltd.'s aftermarket and mining equipment businesses is favorable, and this supports a Buy rating for the stock.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Takeshi Horikoshi, CFO at Komatsu, discusses his outlook for the heavy equipment makers' business as foreign investments to the country rises. He speaks exclusively with Shery Ahn and Haidi Stroud-Watts on "Bloomberg: The Asia Trade”.

Komatsu's stock is awarded a Buy rating, with a bullish view on the company's ability to leverage capital allocation initiatives for higher valuations. Komatsu highlighted that the stock's Price-to-Book Ratio should be higher, comparing it to rival Caterpillar's valuations. Komatsu's capital allocation strategy involves both inorganic growth and capital return initiatives that boost shareholder value.

Here is how Komatsu Ltd. (KMTUY) and Parker-Hannifin (PH) have performed compared to their sector so far this year.

Here is how Komatsu Ltd. (KMTUY) and Parker-Hannifin (PH) have performed compared to their sector so far this year.