Shares of Honda Motor Co., Ltd. (NYSE:HMC – Get Free Report) have received an average recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $25.00.
Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Finally, Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd.
Check Out Our Latest Stock Analysis on HMC
Honda Motor Price Performance
Honda Motor (NYSE:HMC – Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The company had revenue of $37.27 billion for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. As a group, research analysts predict that Honda Motor will post 2.11 EPS for the current year.
Institutional Trading of Honda Motor
Institutional investors have recently added to or reduced their stakes in the business. Auto Owners Insurance Co lifted 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 worth $25,303,000 after purchasing an additional 8,414,952 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Honda Motor by 34.8% in the third 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. acquired a new stake in shares of Honda Motor in the second quarter valued at about $109,593,000. BlackRock Inc. grew its stake in shares of Honda Motor by 35.2% in the second quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock valued at $72,004,000 after buying an additional 691,165 shares in the last quarter. Finally, Equity Investment Corp raised its holdings in shares of Honda Motor by 1.2% during the 4th quarter. Equity Investment Corp now owns 2,302,204 shares of the company’s stock valued at $67,869,000 after buying an additional 27,965 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.
Honda Motor Company Profile
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.
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