Fuji Heavy Industries Ltd. (FUJHY) Upgraded by Zacks Investment Research to “Buy”
Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The firm currently has a $85.00 price target on the stock. Zacks Investment Research’s target price would indicate a potential upside of 12.36% from the stock’s previous close.
Shares of Fuji Heavy Industries (OTCMKTS:FUJHY) traded down 0.85% during mid-day trading on Monday, hitting $75.65. 19,621 shares of the stock were exchanged. The company has a market cap of $29.52 billion and a P/E ratio of 7.10. The stock’s 50-day moving average price is $76.77 and its 200-day moving average price is $72.41. Fuji Heavy Industries has a 52-week low of $61.09 and a 52-week high of $84.85.
A number of hedge funds have recently added to or reduced their stakes in the company. 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 in the last quarter. Todd Asset Management LLC bought a new stake in Fuji Heavy Industries during the second quarter valued at $2,833,000. Teachers Retirement System of The State of Kentucky bought a new stake in Fuji Heavy Industries during the second quarter valued at $2,833,000. 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 in the last quarter. Finally, 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 in the last quarter.
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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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