Hitachi Const Mach (HTCMY) Upgraded by Zacks Investment Research to Strong-Buy
Zacks Investment Research upgraded shares of Hitachi Const Mach (NASDAQ:HTCMY) from a hold rating to a strong-buy rating in a research report released on Wednesday morning. The firm currently has $74.00 target price on the stock.
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) remained flat at $64.69 during trading on Wednesday. The company had a trading volume of 4 shares. The company has a market cap of $6.88 billion and a price-to-earnings ratio of 38.83. Hitachi Const Mach has a 52 week low of $40.09 and a 52 week high of $60.45. The firm’s 50-day moving average price is $59.05 and its 200 day moving average price is $52.73.
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