Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) Upgraded to Hold by 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 note released on Friday, July 14th. They currently have $21.00 target price 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 Fuji Heavy Industries from a buy rating to a hold rating in a report on Friday, June 2nd.

Fuji Heavy Industries (FUJHY) opened at 17.83 on Friday. Fuji Heavy Industries has a 12 month low of $16.26 and a 12 month high of $21.56. The firm has a market cap of $27.34 billion, a P/E ratio of 10.91 and a beta of 0.43.

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A number of institutional investors have recently made changes to their positions in the stock. FNY Partners Fund LP bought a new position in shares of Fuji Heavy Industries during the first quarter valued at approximately $141,000. Eqis Capital Management Inc. bought a new position in shares of Fuji Heavy Industries during the first quarter valued at approximately $435,000. 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.

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