Subaru (OTCMKTS:FUJHY) Shares Gap Down - What's Next?

Key Points

• Subaru Corporation's shares gapped down from a previous close of $10.45 to open at $10.10, with a traded volume of 2,080 shares.
• Goldman Sachs upgraded Subaru's rating from "neutral" to "buy", while the average analyst rating remains at "Hold".
• Subaru reported quarterly earnings of $0.26 per share, exceeding forecasts of $0.20, along with a revenue of $8.23 billion, which surpassed the expected $7.32 billion.

Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $10.45, but opened at $10.10. Subaru shares last traded at $10.10, with a volume of 2,080 shares traded.

Wall Street Analyst Weigh In

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

Subaru Trading Up 0.5%

The stock has a 50 day moving average price of $9.63 and a two-hundred day moving average price of $9.19. The company has a market cap of $15.39 billion, a price-to-earnings ratio of 7.45 and a beta of 0.40.

Subaru (OTCMKTS:FUJHY - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.26 earnings per share 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 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, equities analysts forecast that Subaru Corporation will post 1.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Subaru

A number of large investors have recently added to or reduced their stakes in FUJHY. 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 in the last quarter. CHICAGO TRUST Co NA grew its holdings 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 acquiring an additional 6,136 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its holdings 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 acquiring an additional 62,043 shares in the last quarter. Institutional investors own 0.01% of the company's stock.

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.

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