Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) Raised 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 released on Friday, July 14th. Zacks Investment Research 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 lowered shares of Fuji Heavy Industries from a buy rating to a hold rating in a research note on Friday, June 2nd.

Shares of Fuji Heavy Industries (OTCMKTS FUJHY) traded down 0.090% during mid-day trading on Friday, hitting $17.784. The company had a trading volume of 5,278 shares. Fuji Heavy Industries has a one year low of $16.26 and a one year high of $21.56. The firm has a market capitalization of $27.27 billion, a P/E ratio of 10.884 and a beta of 0.43.

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Several institutional investors have recently bought and sold shares of FUJHY. Eqis Capital Management Inc. boosted its stake 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 worth $487,000 after buying an additional 5,257 shares during the last quarter. FNY Partners Fund LP purchased a new stake in shares of Fuji Heavy Industries during the first quarter worth about $141,000. Finally, Parametric Portfolio Associates LLC boosted 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 valued at $18,925,000 after buying an additional 67,130 shares in the last quarter. 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.

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