We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Honda (HMC) Expands Takata Air Bag Recall by 772K Units
Read MoreHide Full Article
Tokyo-based Honda Motor Co. (HMC - Free Report) is recalling 772,000 additional vehicles in the U.S. for defective front passenger seat air bag inflators made by Japanese supplier Takata Corp. The vehicles are part of an expanded recall of 1.29 million vehicles. Massive recalls are being announced by all automakers for defective Takata inflators that can explode in a crash, sending metal shrapnel into the passenger compartments causing fatal injury.
Ammonium nitrate is used to inflate the Takata air bags during a crash via minor explosions. As a result of the defect in these air bags, 16 people have been killed and about 180 have been injured worldwide. Almost 100 million vehicles made by 17 automakers have been recalled globally, which emphasizes the extent of the crisis. Due to such massive recalls, the replacements are going to take several years.
Honda’s shares have underperformed the Zacks categorized Foreign Auto Manufacturers industry over the last three months. While the company’s shares gained 3.2% over this period, the industry recorded a gain of 4.8%. The company has been recalling vehicles frequently over the last few years. Apart from this, a weak financial position and declining sales volume in its domestic market, Japan, is hindering the company’s growth.
Nevertheless, Honda is focusing on product introductions and expanding its business in Asia to attract more customers. Frequent collaborations are being undertaken to expand its business. The company has several car launches scheduled including an impressive lineup of motorcycles scheduled for 2016 and 2017. Moreover, it is also expected to benefit from the planned launch of fuel cell vehicles.
Fuji Heavy Industries’ fiscal 2017 and 2018 earnings per share (EPS) estimates have increased over the past seven days.
CNH Industrial Industries’ 2016 and 2017 EPS estimates have increased over the past seven days.
Daimler recorded a positive earnings surprise of 52.2% over the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Honda (HMC) Expands Takata Air Bag Recall by 772K Units
Tokyo-based Honda Motor Co. (HMC - Free Report) is recalling 772,000 additional vehicles in the U.S. for defective front passenger seat air bag inflators made by Japanese supplier Takata Corp. The vehicles are part of an expanded recall of 1.29 million vehicles. Massive recalls are being announced by all automakers for defective Takata inflators that can explode in a crash, sending metal shrapnel into the passenger compartments causing fatal injury.
The recall covers models including the 2005-2006 Acura MDX, 2005-2012 Acura RL, 2008-2012 Honda Accord, 2006-2011 Honda Civic, 2007-2012 Honda Fit, 2010-2012 Honda Insight, 2009-2012 Acura TSX, 2011-2012 Acura TSX Wagon, 2010-2012 Acura ZDX, 2010-2012 Honda Crosstour, 2005-2011 Honda CR-V, 2005-2011 Honda Element, 2012 Honda FCX Clarity, 2005-2012 Honda Pilot and 2006-2012 Honda Ridgeline.
Ammonium nitrate is used to inflate the Takata air bags during a crash via minor explosions. As a result of the defect in these air bags, 16 people have been killed and about 180 have been injured worldwide. Almost 100 million vehicles made by 17 automakers have been recalled globally, which emphasizes the extent of the crisis. Due to such massive recalls, the replacements are going to take several years.
Honda Motor Company, Ltd. Price and Consensus
Honda Motor Company, Ltd. Price and Consensus | Honda Motor Company, Ltd. Quote
Honda’s shares have underperformed the Zacks categorized Foreign Auto Manufacturers industry over the last three months. While the company’s shares gained 3.2% over this period, the industry recorded a gain of 4.8%. The company has been recalling vehicles frequently over the last few years. Apart from this, a weak financial position and declining sales volume in its domestic market, Japan, is hindering the company’s growth.
Nevertheless, Honda is focusing on product introductions and expanding its business in Asia to attract more customers. Frequent collaborations are being undertaken to expand its business. The company has several car launches scheduled including an impressive lineup of motorcycles scheduled for 2016 and 2017. Moreover, it is also expected to benefit from the planned launch of fuel cell vehicles.
Honda currently carries a Zacks Rank #3 (Hold).
Key Picks
Some better-ranked companies in the Automotive Foreign industry include Fuji Heavy Industries (FUJHY - Free Report) sporting a Zacks Rank #1 (Strong Buy), and CNH Industrial (CNHI - Free Report) and Daimler carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Fuji Heavy Industries’ fiscal 2017 and 2018 earnings per share (EPS) estimates have increased over the past seven days.
CNH Industrial Industries’ 2016 and 2017 EPS estimates have increased over the past seven days.
Daimler recorded a positive earnings surprise of 52.2% over the last four quarters.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>