Analyst Rating Update on Honda Motor Company Ltd. (HMC)

Honda Motor Company Ltd. (NYSE:HMC) : 2 analysts are covering Honda Motor Company Ltd. (NYSE:HMC) and their average rating on the stock is 2, which is read as a 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. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Honda Motor Company Ltd. (NYSE:HMC) : Currently there are 2 street experts covering Honda Motor Company Ltd. (NYSE:HMC) stock. The most bullish and bearish price target for the stock is $33 and $29 respectively for the short term. The average price target of all the analysts comes to $30.87. The estimated standard deviation from the target is $2.64.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Bank of America downgrades the rating on Honda Motor Company Ltd. (NYSE:HMC). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 31, 2016.

Honda Motor Company Ltd. (NYSE:HMC): stock turned positive on Tuesday. Though the stock opened at $24.99, the bulls momentum made the stock top out at $25.265 level for the day. The stock recorded a low of $24.92 and closed the trading day at $25.22, in the green by 1.86%. The total traded volume for the day was 1,440,018. The stock had closed at $24.76 in the previous days trading.

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.

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