Subaru Corporation (OTCMKTS:FUJHY - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.86 and traded as high as $10.89. Subaru shares last traded at $10.48, with a volume of 36,879 shares changing hands.
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. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".
Check Out Our Latest Stock Report on Subaru
Subaru Stock Up 1.2%
The firm has a 50 day moving average of $9.86 and a 200 day moving average of $9.24. The firm has a market cap of $15.36 billion, a PE ratio of 7.43 and a beta of 0.40.
Subaru (OTCMKTS:FUJHY - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.06. The firm had revenue of $8.23 billion for the quarter, compared to the consensus estimate of $7.32 billion. Subaru had a return on equity of 11.48% and a net margin of 6.40%. On average, research analysts anticipate that Subaru Corporation will post 1.44 EPS for the current year.
Institutional Investors Weigh In On Subaru
Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Subaru by 47.5% during the first quarter. GAMMA Investing LLC now owns 13,558 shares of the company's stock worth $121,000 after acquiring an additional 4,365 shares in the last quarter. CHICAGO TRUST Co NA lifted its position in shares of Subaru by 17.7% during the first quarter. CHICAGO TRUST Co NA now owns 40,744 shares of the company's stock worth $360,000 after acquiring an additional 6,136 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its position in shares of Subaru by 26.8% during the first quarter. Great Lakes Advisors LLC now owns 293,796 shares of the company's stock worth $2,618,000 after acquiring an additional 62,043 shares in the last quarter. Hedge funds and other institutional investors own 0.01% of the company's stock.
About Subaru
(
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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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