Honda Motor Company Ltd. (HMC) : 1 analysts are covering Honda Motor Company Ltd. (HMC) and their average rating on the stock is 1, which is read as a Strong Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels.
Honda Motor Company Ltd. (HMC) : The consensus price target for Honda Motor Company Ltd. (HMC) is $30.87 for the short term with a standard deviation of $2.64. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $29.
Honda Motor Company Ltd. (NYSE:HMC): The stock opened at $24.29 on Wednesday but the bulls could not build on the opening and the stock topped out at $24.48 for the day. The stock traded down to $24.03 during the day, due to lack of any buying support eventually closed down at $24.48 with a loss of -1.49% for the day. The stock had closed at $24.85 on the previous day. The total traded volume was 1,323,130 shares.
Also, In a research note released to the investors, Bank of America downgrades its rating on Honda Motor Company Ltd. (NYSE:HMC).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 31, 2016. The company shares have dropped -19.94% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $35.99 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $26.45 and the 200 Day Moving Average price is recorded at $27.44.
Honda Motor Co., Ltd. (Honda), develops, produces and manufactures a range of motor products, ranging from small general-purpose engines and scooters to specialty sports cars. The Company has four segments: motorcycle business, automobile business, financial services business, and power product and other businesses. Hondas motorcycle business segment offers motorcycle line, including sports (including trial and moto-cross racing), business and commuter models. Its automobile business segment offers passenger cars, light trucks and mini vehicles. The Companys financial services business segment offers retail lending, leasing to customers and other financial services, such as wholesale financing to dealers. Its power product and other businesses segment manufactures a power products, including tillers, portable generators, general-purpose engines, grass cutters, outboard marine engines, water pumps, snow throwers, power carriers, power sprayers, lawn mowers and lawn tractors.