Fuji Heavy Industries Ltd. (FUJHY) Upgraded at Zacks Investment Research
Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage currently has a $85.00 target price on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 12.36% from the stock’s current price.
Shares of Fuji Heavy Industries (OTCMKTS:FUJHY) traded down 0.85% during midday trading on Monday, hitting $75.65. The company had a trading volume of 19,621 shares. Fuji Heavy Industries has a one year low of $61.09 and a one year high of $84.85. The stock’s 50-day moving average price is $76.77 and its 200-day moving average price is $72.41. The stock has a market capitalization of $29.52 billion and a price-to-earnings ratio of 7.10.
A number of large investors have recently modified their holdings of FUJHY. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Fuji Heavy Industries during the second quarter worth about $2,833,000. Parametric Portfolio Associates LLC boosted its stake in shares of Fuji Heavy Industries by 2.0% in the second quarter. Parametric Portfolio Associates LLC now owns 214,924 shares of the company’s stock worth $14,707,000 after buying an additional 4,213 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of Fuji Heavy Industries by 9.8% in the second quarter. CENTRAL TRUST Co now owns 1,890 shares of the company’s stock worth $128,000 after buying an additional 169 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Fuji Heavy Industries by 9.8% in the second quarter. Glenmede Trust Co. NA now owns 100,224 shares of the company’s stock worth $6,795,000 after buying an additional 8,922 shares during the last quarter. Finally, Todd Asset Management LLC acquired a new stake in shares of Fuji Heavy Industries during the second quarter worth about $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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