Fuji Heavy Industries Ltd. (FUJHY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) from a sell rating to a hold rating in a research report sent to investors on Friday, July 14th. The firm currently has $21.00 price objective on the stock.

According to Zacks, “Subaru Corp. manufactures and distributes automobile products. The Company’s Automobile segment manufactures and sells vehicles and related products. Aerospace segment manufactures aircrafts, parts of space-related devices. Subaru Corp., formerly known as Fuji Heavy Industries Ltd., is based in SHIBUYA-KU, Japan. “

Separately, ValuEngine downgraded shares of Fuji Heavy Industries from a buy rating to a hold rating in a research report on Friday, June 2nd.

Shares of Fuji Heavy Industries (OTCMKTS FUJHY) remained flat at $17.90 during midday trading on Friday. The stock had a trading volume of 14,353 shares. Fuji Heavy Industries has a one year low of $16.26 and a one year high of $21.56. The company has a 50 day moving average of $17.30 and a 200-day moving average of $18.50. The company has a market capitalization of $27.45 billion, a PE ratio of 11.01 and a beta of 0.41.

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Several large investors have recently made changes to their positions in FUJHY. FNY Partners Fund LP purchased a new position in Fuji Heavy Industries during the first quarter worth about $141,000. Eqis Capital Management Inc. purchased a new position in Fuji Heavy Industries during the first quarter worth about $435,000. Finally, Parametric Portfolio Associates LLC raised its position in Fuji Heavy Industries by 7.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,030,203 shares of the company’s stock worth $18,925,000 after buying an additional 67,130 shares during the last quarter. 0.11% of the stock is owned by institutional investors and hedge funds.

Fuji Heavy Industries Company Profile

SUBARU CORPORATION, formerly Fuji Heavy Industries Ltd., is a manufacturer of Subaru automobiles. The Company’s segments include Automobiles, Aerospace, Industrial products and Other. The Automobile segment manufactures and sells vehicles and related products. The Aerospace segment manufactures aircrafts, parts of space-related devices.

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