Subaru (OTCMKTS:FUJHY) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Subaru (OTCMKTS:FUJHY) from a hold rating to a buy rating in a report issued on Tuesday, Zacks.com reports. The brokerage currently has $11.00 price target on the stock.

According to Zacks, “Subaru Corp. manufactures and distributes automobile products. The Company’s Automobile segment manufactures and sells vehicles and related products. Aerospace segment manufactures aircrafts, parts of space-related devices. Subaru Corp., formerly known as Fuji Heavy Industries Ltd., is based in SHIBUYA-KU, Japan. “

Other equities research analysts have also issued reports about the company. UBS Group raised Subaru from a neutral rating to an outperform rating in a research note on Thursday, December 16th. JPMorgan Chase & Co. raised Subaru from an underweight rating to an overweight rating in a research note on Tuesday, November 16th.

Shares of Subaru stock opened at $9.54 on Tuesday. The stock has a 50 day moving average of $9.39 and a 200 day moving average of $9.52. Subaru has a 12 month low of $8.64 and a 12 month high of $10.50. The firm has a market cap of $14.68 billion, a PE ratio of 15.90, a PEG ratio of 0.32 and a beta of 0.62.

Subaru (OTCMKTS:FUJHY) last announced its quarterly earnings results on Friday, November 5th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.15 billion. Subaru had a return on equity of 5.51% and a net margin of 3.31%. On average, sell-side analysts predict that Subaru will post 0.78 earnings per share for the current year.

A hedge fund recently raised its stake in Subaru stock. Parametric Portfolio Associates LLC increased its holdings in shares of Subaru Co. (OTCMKTS:FUJHY) by 26.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,994,150 shares of the company’s stock after acquiring an additional 417,278 shares during the period. Parametric Portfolio Associates LLC owned about 0.13% of Subaru worth $19,722,000 at the end of the most recent quarter.

About Subaru

Subaru Corp. engages in the manufacture and sale of automobiles, aircraft, engine parts, and industrial machines. Its operations are carried out through the following segments: Automobile, Aerospace, and Others. The Automobile segment produces, repair, and sells passenger cars and automobile parts. The Aerospace segment manufactures, supplies, and repair airplanes and aerospace-related machineries and components.

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