Fuji Heavy Industries Ltd. (FUJHY) Upgraded to “Strong-Buy” at Zacks Investment Research
Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The brokerage currently has a $85.00 target price on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.00% from the company’s current price.
Fuji Heavy Industries (OTCMKTS:FUJHY) traded down 0.07% during trading on Wednesday, hitting $75.89. 2,408 shares of the stock traded hands. Fuji Heavy Industries has a 12 month low of $61.09 and a 12 month high of $84.85. The company has a 50-day moving average price of $76.74 and a 200-day moving average price of $72.19. The stock has a market cap of $29.61 billion and a PE ratio of 6.95.
A number of hedge funds have recently modified their holdings of FUJHY. Teachers Retirement System of The State of Kentucky purchased a new stake in Fuji Heavy Industries during the second quarter valued at $2,833,000. Parametric Portfolio Associates LLC increased its stake in Fuji Heavy Industries by 2.0% in the second quarter. Parametric Portfolio Associates LLC now owns 214,924 shares of the company’s stock valued at $14,707,000 after buying an additional 4,213 shares during the last quarter. CENTRAL TRUST Co increased its stake in Fuji Heavy Industries by 9.8% in the second quarter. CENTRAL TRUST Co now owns 1,890 shares of the company’s stock valued at $128,000 after buying an additional 169 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Fuji Heavy Industries by 9.8% in the second quarter. Glenmede Trust Co. NA now owns 100,224 shares of the company’s stock valued at $6,795,000 after buying an additional 8,922 shares during the last quarter. Finally, Todd Asset Management LLC purchased a new stake in Fuji Heavy Industries during the second quarter valued at $2,833,000.
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Fuji Heavy Industries Company Profile
Fuji Heavy Industries Ltd. is engaged in the manufacture, repair and sale of automobile parts, transportation-related products and industrial product parts. The Company’s segments include Automobiles, Aerospace, Industrial Products and Other. Its principal business includes Aerospace Company, Industrial Products Company and Subaru Automotive business.
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