Hitachi Const Mach (HTCMY) Upgraded at Zacks Investment Research
Hitachi Const Mach (NASDAQ:HTCMY) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday. The firm presently has a $74.00 target price on the stock. Zacks Investment Research‘s price objective points to a potential upside of 14.39% from the stock’s current price.
According to Zacks, “Hitachi Construction Machinery Co., Ltd. engages in the manufacture, sale, service and rental of construction and industrial machinery. It operates through the Construction and Mining product segments. The companys product include mini, medium and large excavators; wheel loaders; demolition equipment; metal recycling equipment; forest machines; rigid dump trucks, compaction equipment; cranes & foundation machines and double front work machine. It also offers global e-service and mine management systems. Hitachi Construction Machinery Co., Ltd. is headquartered in Tokyo, Japan. “
Shares of Hitachi Const Mach (NASDAQ:HTCMY) traded down 0.09% on Wednesday, reaching $64.69. 144 shares of the company’s stock traded hands. The firm’s 50 day moving average is $59.05 and its 200 day moving average is $52.73. The firm has a market capitalization of $6.88 billion and a P/E ratio of 38.83. Hitachi Const Mach has a 52 week low of $40.09 and a 52 week high of $64.69.
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