SUBARU CORP/ADR (OTCMKTS:FUJHY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of SUBARU CORP/ADR (OTCMKTS:FUJHY) from a strong sell rating to a hold rating in a research note released on Thursday, Zacks.com reports.

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 upgraded Yelp from a sell rating to a hold rating in a report on Wednesday, April 3rd.

Shares of FUJHY opened at $12.65 on Thursday. The company has a fifty day simple moving average of $12.06. The firm has a market cap of $19.32 billion, a P/E ratio of 14.38, a PEG ratio of 0.40 and a beta of 0.50. SUBARU CORP/ADR has a fifty-two week low of $10.25 and a fifty-two week high of $15.24.

A hedge fund recently raised its stake in SUBARU CORP/ADR stock. Quadrant Capital Group LLC raised its holdings in SUBARU CORP/ADR (OTCMKTS:FUJHY) by 129.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 16,681 shares of the company’s stock after acquiring an additional 9,406 shares during the period. Quadrant Capital Group LLC’s holdings in SUBARU CORP/ADR were worth $185,000 at the end of the most recent reporting period. 0.14% of the stock is currently owned by hedge funds and other institutional investors.

About SUBARU CORP/ADR

Subaru Corporation manufactures and sells automobiles and aerospace products. It operates through three segments: Automotive, Aerospace Company, and Other Businesses. The company manufactures, repairs, and sells passenger cars and their components under the Subaru brand; airplanes, aerospace-related machinery, and components; industrial product parts and agricultural transmissions; forging parts of automobile and industrial machinery; and engines, repair parts, and remanufactured transmissions.

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