It Seems Honda Motor Co Ltd (ADR) (HMC) Will Go Up. Just Reaches 52-Week High

November 7, 2017 - By Maria Brooks

The stock of Honda Motor Co Ltd (ADR) (NYSE:HMC) hit a new 52-week high and has $36.13 target or 8.00 % above today’s $33.45 share price. The 7 months bullish chart indicates low risk for the $60.68 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $36.13 price target is reached, the company will be worth $4.85 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 447,329 shares traded. Honda Motor Co Ltd (ADR) (NYSE:HMC) has risen 4.10% since November 7, 2016 and is uptrending. It has underperformed by 12.60% the S&P500.

Honda Motor Co Ltd (ADR) (NYSE:HMC) Ratings Coverage

Among 9 analysts covering Honda Motor Co (NYSE:HMC), 2 have Buy rating, 5 Sell and 2 Hold. Therefore 22% are positive. Honda Motor Co had 19 analyst reports since August 27, 2015 according to SRatingsIntel. Jefferies maintained the shares of HMC in report on Tuesday, August 15 with “Buy” rating. The stock has “Sell” rating by UBS on Friday, May 27. Erste Group downgraded Honda Motor Co Ltd (ADR) (NYSE:HMC) on Monday, April 25 to “Sell” rating. The company was downgraded on Friday, May 13 by CLSA. The company was downgraded on Thursday, December 1 by Macquarie Research. Zacks downgraded the shares of HMC in report on Thursday, August 27 to “Buy” rating. Jefferies maintained the stock with “Buy” rating in Monday, May 29 report. As per Friday, May 13, the company rating was downgraded by Credit Agricole. The company was downgraded on Friday, October 9 by Jefferies. The rating was maintained by Jefferies with “Buy” on Friday, May 13.

More news for Honda Motor Co Ltd (ADR) (NYSE:HMC) were recently published by: Investorplace.com, which released: “Honda Motor Co Ltd (ADR) (HMC) Stock Pops on Q3 Earnings Beat” on February 03, 2017. Investorplace.com‘s article titled: “General Motors Company (GM) and Honda Motor Co Ltd Work on Fuel Cells” and published on January 30, 2017 is yet another important article.

Honda Motor Co., Ltd. develops, makes and markets motorcycles, automobiles and power products across the world. The company has market cap of $60.68 billion. The Company’s divisions include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. It has a 10.61 P/E ratio. The Firm produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

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