Suzuki Motor (OTCMKTS:SZKMY) Shares Gap Up - Here's What Happened
Suzuki Motor shares (OTCMKTS:SZKMY) opened higher at $61.40 from a previous close of $59.06, last trading at $59.4680. Zacks Research upgraded the stock from "strong sell" to "hold." The stock has a "Buy" average rating, with a market cap of $29.21 billion and a P/E ratio of 10.93. Analysts predict an EPS of 5.11 for the year. Despite the "Buy" rating, top analysts suggest other stocks may be better investments.
Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $59.06, but opened at $61.40. Suzuki Motor shares last traded at $59.4680, with a volume of 1,881 shares.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Suzuki Motor from a "strong sell" rating to a "hold" rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Suzuki Motor currently has an average rating of "Buy".
Read Our Latest Analysis on SZKMY
Suzuki Motor Stock Performance
The stock's 50-day moving average is $58.36 and its 200 day moving average is $51.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.22 and a current ratio of 1.59. The firm has a market cap of $29.21 billion, a P/E ratio of 10.93 and a beta of 0.58.
Suzuki Motor (OTCMKTS:SZKMY - Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $1.28 EPS for the quarter. Suzuki Motor had a net margin of 6.71% and a return on equity of 10.58%. The business had revenue of $9.94 billion during the quarter. On average, research analysts predict that Suzuki Motor will post 5.11 earnings per share for the current year.
Suzuki Motor Company Profile
(Get Free Report)Suzuki Motor Corporation engages in the manufacturing and marketing of automobiles, motorcycles, and marine products in Japan, rest of Asia, Europe, North America, and internationally. It offers mini-vehicles, sub-compact vehicles, standard-sized vehicles, outboard motors, motorized wheelchairs, and electro senior vehicles.
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