Subaru (OTCMKTS:FUJHY) Sets New 52-Week High – Here’s What Happened

Subaru Corporation (OTCMKTS:FUJHY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $11.00 and last traded at $10.41, with a volume of 1628 shares trading hands. The stock had previously closed at $10.65.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Subaru from a “neutral” rating to a “buy” rating in a 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. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Subaru Stock Performance

The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 7.45 and a beta of 0.38. The business’s 50 day moving average price is $10.36 and its two-hundred day moving average price is $9.56.

Subaru (OTCMKTS:FUJHY) last released its earnings results on Thursday, August 7th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. Subaru had a net margin of 6.40% and a return on equity of 11.48%. The business had revenue of $8.23 billion during the quarter, compared to analyst estimates of $7.32 billion. On average, sell-side analysts expect that Subaru Corporation will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Subaru

A number of hedge funds have recently made changes to their positions in the company. Great Lakes Advisors LLC lifted its position in Subaru by 11.6% during the third quarter. Great Lakes Advisors LLC now owns 356,206 shares of the company’s stock worth $3,601,000 after purchasing an additional 37,021 shares during the period. CHICAGO TRUST Co NA increased its position in Subaru by 27.5% during the 3rd quarter. CHICAGO TRUST Co NA now owns 64,666 shares of the company’s stock valued at $663,000 after purchasing an additional 13,929 shares during the period. Finally, GAMMA Investing LLC increased its position in Subaru by 8.4% during the 3rd quarter. GAMMA Investing LLC now owns 16,565 shares of the company’s stock valued at $167,000 after purchasing an additional 1,279 shares during the period. Institutional investors and hedge funds 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.