Zacks Research upgraded shares of Honda Motor (NYSE:HMC – Free Report) from a hold rating to a strong-buy rating in a research note published on Monday morning,Zacks.com reports.
A number of other equities research analysts also recently issued reports on the company. Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.00.
View Our Latest Analysis on HMC
Honda Motor Stock Performance
Honda Motor (NYSE:HMC – Get Free Report) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. The company had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. Sell-side analysts anticipate that Honda Motor will post 1.3 EPS for the current year.
Hedge Funds Weigh In On Honda Motor
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Auto Owners Insurance Co raised its stake in shares of Honda Motor by 5,004.4% during the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock valued at $25,303,000 after purchasing an additional 8,414,952 shares during the period. Bank of America Corp DE increased its stake in Honda Motor by 34.8% during the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock worth $129,369,000 after buying an additional 1,083,245 shares during the period. Donald Smith & CO. Inc. purchased a new stake in Honda Motor during the 2nd quarter worth $109,593,000. BlackRock Inc. lifted its holdings in Honda Motor by 35.2% in the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock worth $72,004,000 after buying an additional 691,165 shares in the last quarter. Finally, Equity Investment Corp lifted its holdings in Honda Motor by 1.2% in the 4th quarter. Equity Investment Corp now owns 2,302,204 shares of the company’s stock worth $67,869,000 after buying an additional 27,965 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.
About Honda Motor
Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.
In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.
Featured Stories
- Five stocks we like better than Honda Motor
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.
