Subaru Corporation (OTCMKTS:FUJHY - Get Free Report) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $9.13 and traded as high as $10.05. Subaru shares last traded at $9.91, with a volume of 34,272 shares changing hands.
Analyst Ratings Changes
Separately, The Goldman Sachs Group raised shares of 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 company. According to data from MarketBeat.com, Subaru presently has a consensus rating of "Hold".
Check Out Our Latest Research Report on Subaru
Subaru Price Performance
The stock has a market capitalization of $14.62 billion, a P/E ratio of 7.07 and a beta of 0.42. The business's 50 day simple moving average is $9.24 and its 200-day simple moving average is $9.11.
Subaru (OTCMKTS:FUJHY - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 6.40% and a return on equity of 11.62%. Research analysts anticipate that Subaru Corporation will post 1.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Subaru
Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Subaru by 47.5% in the first quarter. GAMMA Investing LLC now owns 13,558 shares of the company's stock worth $121,000 after purchasing an additional 4,365 shares during the period. CHICAGO TRUST Co NA raised its holdings in Subaru by 17.7% in the first quarter. CHICAGO TRUST Co NA now owns 40,744 shares of the company's stock worth $360,000 after purchasing an additional 6,136 shares during the period. Finally, Great Lakes Advisors LLC raised its holdings in Subaru by 26.8% in the first 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 currently owned by institutional investors and hedge funds.
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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