Today’s Stock On Watch: Time to Buy Honda Motor Co Ltd (ADR) After Today’s Significant Increase?

Today's Stock On Watch: Time to Buy Honda Motor Co Ltd (ADR) After Today's Significant Increase?

The stock of Honda Motor Co Ltd (ADR) (NYSE:HMC) is a huge mover today! About 268,554 shares traded hands. Honda Motor Co Ltd (ADR) (NYSE:HMC) has risen 0.10% since April 22, 2016 and is uptrending. It has underperformed by 5.30% the S&P500.
The move comes after 5 months positive chart setup for the $53.79B company. It was reported on Nov, 25 by Barchart.com. We have $30.73 PT which if reached, will make NYSE:HMC worth $2.69 billion more.

Analysts await Honda Motor Co Ltd (ADR) (NYSE:HMC) to report earnings on February, 3. They expect $0.69 EPS, up 21.05% or $0.12 from last year’s $0.57 per share. HMC’s profit will be $1.27B for 10.61 P/E if the $0.69 EPS becomes a reality. After $0.97 actual EPS reported by Honda Motor Co Ltd (ADR) for the previous quarter, Wall Street now forecasts -28.87% negative EPS growth.

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

Out of 8 analysts covering Honda Motor Co (NYSE:HMC), 1 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 13% are positive. Honda Motor Co has been the topic of 11 analyst reports since August 27, 2015 according to StockzIntelligence Inc. The stock of Honda Motor Co Ltd (ADR) (NYSE:HMC) has “Sell” rating given on Monday, April 25 by Erste Group. On Friday, May 13 the stock rating was downgraded by Credit Agricole to “Underperform”. The rating was upgraded by Jefferies on Friday, February 26 to “Buy”. The rating was downgraded by Nomura to “Reduce” on Friday, May 13. The rating was maintained by Jefferies on Friday, May 13 with “Buy”. The stock of Honda Motor Co Ltd (ADR) (NYSE:HMC) has “Neutral” rating given on Tuesday, December 22 by Susquehanna. As per Tuesday, May 31, the company rating was downgraded by Bank of America. The rating was downgraded by CLSA to “Underperform” on Friday, May 13. The firm earned “Hold” rating on Friday, October 9 by Jefferies. The stock has “Buy” rating given by Zacks on Thursday, August 27.

According to Zacks Investment Research, “Honda manufactures a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles. Historically, Honda has been a leader in fuel-efficiency and low-emission technology.”

More recent Honda Motor Co Ltd (ADR) (NYSE:HMC) news were published by: Marketwatch.com which released: “Honda Motor Co. Ltd. ADR” on June 02, 2009. Also Finance.Yahoo.com published the news titled: “HMC : Summary for Honda Motor Company, Ltd. Commo – Yahoo Finance” on February 05, 2016. Businessfinancenews.com‘s news article titled: “Nissan Motor Co Ltd (ADR) Earnings: Will Toyota Motor Corp (ADR) And Honda …” with publication date: November 02, 2015 was also an interesting one.

HMC Company Profile

Honda Motor Co., Ltd. (Honda), incorporated on October 24, 1948, develops, makes and markets motorcycles, automobiles and power products across the world. The Company’s divisions include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. Honda conducts its activities in Japan and around the world, including North America, Europe and Asia. Honda markets its products through a sales network of independent local dealers. The Company’s motorcycles are distributed through outlets, including PRO’S shops and Honda Dream authorized dealerships. The Company’s automobiles and power products are distributed in Japan through retail dealers. The Company’s manufacturing facilities are located in Japan, the United States, Canada, Mexico, the United Kingdom, Turkey, Italy, France, China, India, Indonesia, Malaysia, Thailand, Vietnam, Argentina and Brazil.

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