Honda Motor Co Ltd (NYSE:HMC) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $42.00.
Several research firms recently commented on HMC. ValuEngine upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Nomura downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Monday, July 16th. Finally, Goldman Sachs Group downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Friday, June 1st.
A number of institutional investors have recently added to or reduced their stakes in HMC. Advisors Asset Management Inc. raised its holdings in Honda Motor by 3,658.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,127,068 shares of the company’s stock worth $1,067,000 after purchasing an additional 1,097,080 shares during the last quarter. Millennium Management LLC raised its holdings in Honda Motor by 2,933.6% during the 1st quarter. Millennium Management LLC now owns 710,196 shares of the company’s stock worth $24,665,000 after purchasing an additional 686,785 shares during the last quarter. Federated Investors Inc. PA raised its holdings in Honda Motor by 249,459.5% during the 2nd quarter. Federated Investors Inc. PA now owns 301,967 shares of the company’s stock worth $8,839,000 after purchasing an additional 301,846 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Honda Motor by 26.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,285,036 shares of the company’s stock worth $37,613,000 after purchasing an additional 271,936 shares during the last quarter. Finally, Aperio Group LLC raised its holdings in Honda Motor by 9.6% during the 2nd quarter. Aperio Group LLC now owns 1,430,465 shares of the company’s stock worth $41,870,000 after purchasing an additional 124,798 shares during the last quarter. Hedge funds and other institutional investors own 2.08% of the company’s stock.
HMC opened at $28.90 on Friday. Honda Motor has a 1-year low of $28.00 and a 1-year high of $37.29. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.23. The company has a market capitalization of $51.01 billion, a PE ratio of 7.98, a P/E/G ratio of 2.66 and a beta of 1.05.
Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, July 31st. The company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. Honda Motor had a net margin of 7.09% and a return on equity of 8.90%. The company had revenue of $4,024.10 billion for the quarter, compared to the consensus estimate of $3,794.23 billion. During the same period last year, the company posted $115.04 EPS. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. analysts expect that Honda Motor will post 3.53 earnings per share for the current year.
About Honda Motor
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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