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

Key Points

• Suzuki Motor shares opened sharply higher, rising from a prior close of $51.90 to $54.90 before last trading at $52.12 on volume of 345,024 shares.
• Analyst sentiment improved, with Citigroup upgrading the stock to “strong buy” and Zacks Research moving it to “hold”; the overall consensus rating is “Buy.”
• Suzuki exceeded quarterly expectations, reporting $2.39 in EPS versus the $1.61 consensus and revenue of $10.82 billion versus $9.96 billion expected. Analysts forecast $7.23 in EPS for the current fiscal year.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report)'s stock price gapped up before the market opened on Friday. The stock had previously closed at $51.90, but opened at $54.90. Suzuki Motor shares last traded at $52.12, with a volume of 345,024 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SZKMY. Zacks Research upgraded shares of Suzuki Motor from a "strong sell" rating to a "hold" rating in a report on Thursday, August 20th. Citigroup upgraded Suzuki Motor from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy".

Suzuki Motor Stock Performance

The business has a 50 day simple moving average of $52.14 and a 200 day simple moving average of $49.39. The company has a quick ratio of 1.36, a current ratio of 1.81 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $25.31 billion, a PE ratio of 7.54 and a beta of 0.58.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last posted 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 firm had revenue of $10.82 billion for the quarter, compared to analyst estimates of $9.96 billion. Suzuki Motor had a return on equity of 12.49% and a net margin of 7.85%. Suzuki Motor has set its FY 2026 guidance at 5.464-5.464 EPS. Equities research analysts predict that Suzuki Motor will post 7.23 EPS for the current fiscal year.

Suzuki Motor Company Profile

Suzuki Motor Corporation is a Japan-based manufacturer of automobiles, motorcycles and marine products. Its automotive lineup includes compact cars, kei cars, sport utility vehicles and commercial vehicles, while its motorcycle business offers products ranging from small-displacement commuter models to larger performance motorcycles. The company also produces outboard marine engines and related equipment.

Founded in 1909 by Michio Suzuki as a loom-manufacturing business, Suzuki entered the automotive industry after World War II and developed a strong position in small, affordable vehicles.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.