Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) from a buy rating to a hold rating in a research report report published on Friday morning.

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 Fuji Heavy Industries from a buy rating to a hold rating in a report on Friday, June 2nd.

Fuji Heavy Industries (OTCMKTS:FUJHY) opened at 17.90 on Friday. The firm’s 50 day moving average price is $17.30 and its 200-day moving average price is $18.50. The firm has a market cap of $27.45 billion, a PE ratio of 11.01 and a beta of 0.41. Fuji Heavy Industries has a one year low of $16.26 and a one year high of $21.56.

ILLEGAL ACTIVITY NOTICE: “Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) Downgraded by Zacks Investment Research” was reported by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.thestockobserver.com/2017/07/25/fuji-heavy-industries-ltd-otcmktsfujhy-downgraded-by-zacks-investment-research.html.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. increased its position in shares of Fuji Heavy Industries by 22.2% in the second quarter. Eqis Capital Management Inc. now owns 28,914 shares of the company’s stock valued at $487,000 after buying an additional 5,257 shares during the period. FNY Partners Fund LP acquired a new position in shares of Fuji Heavy Industries during the first quarter valued at $141,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of 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 valued at $18,925,000 after buying an additional 67,130 shares during the period. Institutional investors own 0.11% of the company’s stock.

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.

Get a free copy of the Zacks research report on Fuji Heavy Industries (FUJHY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fuji Heavy Industries Ltd. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fuji Heavy Industries Ltd. and related companies with MarketBeat.com’s FREE daily email newsletter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

5 × three =