Suzuki (SZKMY) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Suzuki (OTCMKTS:SZKMY) from a buy rating to a hold rating in a research report report published on Thursday morning.

According to Zacks, “Suzuki Motor Corporation manufactures and markets motorcycles, automobiles and marine and power products. It provides terrain vehicles, mini-vehicles, sub-compact vehicles, standard-sized vehicles, outboard motors, engines for snowmobiles, electro senior vehicles and houses, as well as boats, motorized wheelchairs, electro-scooters, industrial equipment. The company operates primarily in Japan, Europe, Asia and internationally. Suzuki Motor Corporation is headquartered in Hamamatsu, Japan. “

Separately, ValuEngine cut Suzuki from a buy rating to a hold rating in a research report on Wednesday.

Suzuki stock traded up $0.72 during mid-day trading on Thursday, reaching $215.76. 437 shares of the company were exchanged, compared to its average volume of 577. Suzuki has a twelve month low of $169.25 and a twelve month high of $243.50. The company has a quick ratio of 1.37, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Suzuki (OTCMKTS:SZKMY) last posted its quarterly earnings data on Monday, February 5th. The company reported $4.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.46. The company had revenue of $7.92 billion for the quarter, compared to analyst estimates of $7.32 billion. analysts predict that Suzuki will post 15.96 earnings per share for the current fiscal year.

Suzuki Company Profile

Suzuki Motor Corporation manufactures and markets automobiles, motorcycles, and marine and power products in Japan, Europe, rest of Asia, and internationally. It offers all-terrain vehicles, mini-vehicles, sub-compact vehicles, standard-sized vehicles, outboard motors, engines for snowmobiles, electro senior vehicles, and houses, as well as motorized wheelchairs, industrial equipment, etc.

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