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

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.

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

Wall Street Analysts Forecast Growth

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

Subaru Stock Up 1.1%

The firm has a market capitalization of $14.68 billion, a PE ratio of 7.10 and a beta of 0.42. The stock has a 50-day moving average price of $9.03 and a 200 day moving average price of $9.04.

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, topping the consensus estimate of $0.20 by $0.06. Subaru had a return on equity of 11.62% and a net margin of 6.40%. The firm had revenue of $8.23 billion during the quarter, compared to analysts' expectations of $7.32 billion. As a group, equities analysts predict that Subaru Corporation will post 1.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Subaru

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Subaru by 1,214.1% during the 1st quarter. GAMMA Investing LLC now owns 120,802 shares of the company's stock worth $1,076,000 after purchasing an additional 111,609 shares during the period. Great Lakes Advisors LLC increased its holdings in Subaru by 26.8% during 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. Finally, CHICAGO TRUST Co NA increased its holdings in Subaru by 24.5% during the 2nd quarter. CHICAGO TRUST Co NA now owns 50,737 shares of the company's stock worth $442,000 after purchasing an additional 9,993 shares during the period. Institutional investors and hedge funds own 0.01% of the company's stock.

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.