Subaru (OTCMKTS:FUJHY) Hits New 12-Month High - What's Next?

Key Points

• Subaru Corporation's stock reached a new 52-week high of $10.75, with current trading at $10.62 and a total volume of 11,347 shares exchanged.
• Goldman Sachs has raised Subaru's rating from "neutral" to "buy," reflecting increased analyst confidence in the company's performance.
• The company reported earnings of $0.26 per share, exceeding expectations, along with quarterly revenue of $8.23 billion, significantly higher than the estimated $7.32 billion.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $10.75 and last traded at $10.62, with a volume of 11347 shares traded. The stock had previously closed at $10.60.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Subaru from a "neutral" rating to a "buy" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold".

Subaru Price Performance

The company has a market capitalization of $15.53 billion, a price-to-earnings ratio of 7.51 and a beta of 0.40. The business has a fifty day moving average price of $9.48 and a 200 day moving average price of $9.15.

Subaru (OTCMKTS:FUJHY - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. The company had revenue of $8.23 billion for the quarter, compared to analyst estimates of $7.32 billion. Subaru had a return on equity of 11.48% and a net margin of 6.40%. Research analysts anticipate that Subaru Corporation will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Subaru by 12.7% during the second quarter. GAMMA Investing LLC now owns 15,286 shares of the company's stock worth $132,000 after acquiring an additional 1,728 shares during the period. CHICAGO TRUST Co NA boosted its position in shares of Subaru by 17.7% in the 1st quarter. CHICAGO TRUST Co NA now owns 40,744 shares of the company's stock valued at $360,000 after purchasing an additional 6,136 shares during the period. Finally, Great Lakes Advisors LLC boosted its position in shares of Subaru by 26.8% in the 1st quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company's stock valued at $2,618,000 after purchasing an additional 62,043 shares during the period. 0.01% of the stock is owned by institutional investors and hedge funds.

About Subaru

Subaru Corporation manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally. It operates through three segments: Automotive, Aerospace, and Others. The company manufactures, sells, and repairs passenger cars and their components, aircrafts, aerospace-related machinery, and related components; and rents and manages real estate properties.

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