Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Up - Here's Why

Key Points

• Suzuki Motor's stock price gapped up from $44.88 to $47.05 before trading on Monday, and last traded at $45.72 with a volume of 2,571 shares.
• Sanford C. Bernstein upgraded Suzuki Motor to a "strong-buy" rating, indicating increased confidence in the company's future performance.
• In its latest earnings report, Suzuki Motor reported an EPS of $1.42, exceeding estimates by $0.18, with revenues of $10.11 billion during the quarter.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $44.88, but opened at $47.05. Suzuki Motor shares last traded at $45.72, with a volume of 2,571 shares trading hands.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein upgraded Suzuki Motor to a "strong-buy" rating in a research note on Monday, April 14th.

Suzuki Motor Stock Performance

The firm has a market capitalization of $22.10 billion, a PE ratio of 7.95 and a beta of 0.60. The company has a current ratio of 1.58, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average price is $47.23 and its two-hundred day moving average price is $47.73.

Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $1.42 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.18. The business had revenue of $10.11 billion during the quarter, compared to the consensus estimate of $1,489.49 billion. Suzuki Motor had a return on equity of 11.50% and a net margin of 7.14%. On average, equities analysts expect that Suzuki Motor will post 5.11 earnings per share for the current year.

Suzuki Motor Company Profile

Suzuki Motor Corporation engages in the manufacturing and marketing of automobiles, motorcycles, and marine products in Japan, rest of Asia, Europe, North America, and internationally. It offers mini-vehicles, sub-compact vehicles, standard-sized vehicles, outboard motors, motorized wheelchairs, and electro senior vehicles.

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