Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Up - Here's What Happened

Key Points

• Suzuki Motor shares gapped higher, opening at $53.54 versus the prior close of $50.25, before trading at approximately $51.87 on volume of 15,463 shares.
• Analyst sentiment improved, with Zacks Research upgrading the stock to “Hold” and Citigroup raising its rating to “Strong Buy”; MarketBeat data shows an overall average rating of “Buy.”
• Suzuki exceeded quarterly expectations, reporting $2.39 in EPS versus the $1.61 consensus estimate and $10.82 billion in revenue versus $9.96 billion expected.

Shares of Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) gapped up before the market opened on Wednesday. The stock had previously closed at $50.25, but opened at $53.54. Suzuki Motor shares last traded at $51.8685, with a volume of 15,463 shares changing hands.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Zacks Research upgraded shares of Suzuki Motor from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 20th. Citigroup raised Suzuki Motor from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy".

Suzuki Motor Stock Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.81 and a quick ratio of 1.36. The stock has a market cap of $24.65 billion, a PE ratio of 7.34 and a beta of 0.58. The business has a 50 day moving average price of $51.82 and a two-hundred day moving average price of $49.03.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $2.39 EPS for the quarter, topping the consensus estimate of $1.61 by $0.78. The company had revenue of $10.82 billion for the quarter, compared to the consensus estimate of $9.96 billion. Suzuki Motor had a net margin of 7.85% and a return on equity of 12.49%. Suzuki Motor has set its FY 2026 guidance at 5.464-5.464 EPS. As a group, equities research analysts forecast that Suzuki Motor will post 7.23 EPS for the current fiscal year.

About Suzuki Motor

Suzuki Motor Corporation is a Japanese manufacturer of automobiles, motorcycles and marine products. The company develops and sells compact cars, sport utility vehicles, commercial vehicles, motorcycles, all-terrain vehicles and outboard motors, with a focus on practical, fuel-efficient transportation.

Founded in 1909 by Michio Suzuki as a loom manufacturer, the company entered the automotive market in the 1950s and expanded its motorcycle business during the following decade. Suzuki has since built a global presence through manufacturing, sales and distribution operations in Japan and international markets, including India, Europe, Asia, Latin America and other regions.

Suzuki's automobile business is particularly prominent in India, where it operates through Maruti Suzuki India.

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