Fuji Heavy Industries Ltd. (OTCMKTS:FUJHY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm currently has a $85.00 target price on the stock. Zacks Investment Research’s price target suggests a potential upside of 14.38% from the stock’s previous close.
Fuji Heavy Industries (OTCMKTS:FUJHY) opened at 74.315 on Wednesday. Fuji Heavy Industries has a 12-month low of $61.09 and a 12-month high of $84.85. The firm has a market cap of $29.00 billion and a PE ratio of 6.755. The firm has a 50-day moving average price of $76.65 and a 200 day moving average price of $72.09.
Several institutional investors have recently made changes to their positions in FUJHY. CENTRAL TRUST Co boosted its position in 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. Parametric Portfolio Associates LLC boosted its position 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 worth $14,707,000 after buying an additional 4,213 shares during the last quarter. Glenmede Trust Co. NA boosted its position 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 worth $6,795,000 after buying an additional 8,922 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new position in Fuji Heavy Industries during the second quarter worth approximately $2,833,000. Finally, Todd Asset Management LLC acquired a new position in Fuji Heavy Industries during the second quarter worth approximately $2,833,000.
About Fuji Heavy Industries
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Fuji Heavy Industries Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fuji Heavy Industries Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.