Subaru (OTCMKTS:FUJHY) Sets New 1-Year High - Here's Why

Key Points

• Subaru's share price reached a new 52-week high of $10.63, with a closing price of $10.15 and a trading volume of 62,603 shares.
• Goldman Sachs upgraded Subaru's rating from "neutral" to "buy", signaling increased confidence in the company's potential.
• In its most recent quarterly earnings report, Subaru reported an EPS of $0.26, exceeding estimates by $0.06, and revenues of $8.23 billion, surpassing the forecast of $7.32 billion.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.63 and last traded at $10.15, with a volume of 62603 shares trading hands. The stock had previously closed at $10.33.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded shares of Subaru from a "neutral" rating to a "buy" rating in a report on Thursday, July 24th.

Subaru Stock Performance

The stock has a market capitalization of $14.71 billion, a PE ratio of 7.11 and a beta of 0.42. The business's 50-day moving average price is $9.03 and its 200 day moving average price is $9.05.

Subaru (OTCMKTS:FUJHY - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.06. The firm had revenue of $8.23 billion for the quarter, compared to analysts' expectations of $7.32 billion. Subaru had a return on equity of 11.62% and a net margin of 6.40%. As a group, equities research analysts predict that Subaru Corporation will post 1.44 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. CHICAGO TRUST Co NA increased its stake in shares of Subaru by 24.5% during the second quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company's stock valued at $442,000 after buying an additional 9,993 shares during the period. GAMMA Investing LLC raised its holdings in Subaru by 12.7% in the 2nd quarter. GAMMA Investing LLC now owns 15,286 shares of the company's stock worth $132,000 after purchasing an additional 1,728 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted 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 worth $2,618,000 after purchasing an additional 62,043 shares during the period. 0.01% of the stock is owned by hedge funds and other institutional investors.

Subaru Company Profile

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.