Zacks’ analyst wrote, “Honda expects to benefits from its global network and business expansion in Asia.
The automaker is well positioned to take advantage of stricter environment regulations given its long-term focus on hybrid vehicles. Given these factors and favorable model mix and effective cost reduction measures, the company anticipates a revival in sales and profits for fiscal 2013. Although it missed the Zacks Consensus Estimate by $0.14 per share, the company posted a steep 61% increase in profits to 71.6 billion ($871 million) in the fourth quarter of the fiscal 2012. As such, we have upgraded the recommendation on the shares of the company to Outperform from Neutral and set a target price of $38.00.”
Separately, analysts at Credit Suisse (NYSE: CS) upgraded shares of Honda Motor Co. from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, May 7th.
Honda Motor Co. traded down 0.87% on Monday, hitting $31.92. Honda Motor Co. has a 1-year low of $27.52 and a 1-year high of $41.23. The company has a market cap of $57.529 billion and a price-to-earnings ratio of 21.86.
Honda Motor Co, Ltd. (Honda) develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars.
Source;
http://zolmax.com/honda-motor-co-rating-increased-to-outperform-at-zacks-hmc/2910189/