Subaru (OTCMKTS:FUJHY) Shares Gap Down - Here's Why

Key Points

• Subaru's share price gapped down from $10.11 to $9.75 before the market opened, and last traded at $10.16 with a volume of 3,955 shares.
• The Goldman Sachs Group upgraded Subaru shares from a "neutral" rating to a "buy" rating, while the overall consensus remains a "Hold" rating from analysts.
• Subaru reported a quarterly EPS of $0.26, surpassing the consensus estimate of $0.20, along with a revenue of $8.23 billion, exceeding analyst expectations of $7.32 billion.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $10.11, but opened at $9.75. Subaru shares last traded at $10.16, with a volume of 3,955 shares trading hands.

Analysts Set New Price Targets

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

Subaru Stock Performance

The business's 50 day moving average is $10.07 and its two-hundred day moving average is $9.28. The firm has a market capitalization of $14.80 billion, a PE ratio of 7.16 and a beta of 0.40.

Subaru (OTCMKTS:FUJHY - Get Free Report) last released 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 firm had revenue of $8.23 billion during the quarter, compared to analyst estimates of $7.32 billion. Subaru had a net margin of 6.40% and a return on equity of 11.48%. As a group, equities research analysts predict that Subaru Corporation will post 1.44 EPS for the current year.

Institutional Trading of Subaru

A number of hedge funds have recently made changes to their positions in FUJHY. GAMMA Investing LLC lifted its holdings in shares of Subaru by 47.5% during the 1st quarter. GAMMA Investing LLC now owns 13,558 shares of the company's stock worth $121,000 after acquiring an additional 4,365 shares during the last quarter. CHICAGO TRUST Co NA lifted its holdings in shares of Subaru by 17.7% during the 1st 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 during the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of 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 acquiring an additional 62,043 shares during the last quarter. 0.01% of the stock is owned by institutional investors.

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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