Wall Street Zen upgraded shares of Honda Motor (NYSE:HMC – Free Report) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.
Other analysts have also recently issued reports about the company. Zacks Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. BNP Paribas Exane started coverage on shares of Honda Motor in a research report on Friday. They set a “neutral” rating and a $34.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Honda Motor in a research note on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Honda Motor presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.
Check Out Our Latest Stock Report on Honda Motor
Honda Motor Stock Performance
Honda Motor (NYSE:HMC – Get Free Report) last posted its earnings results on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The business 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%. On average, equities research analysts predict that Honda Motor will post 2.11 earnings per share for the current year.
Institutional Trading of Honda Motor
Several hedge funds have recently modified their holdings of HMC. Sequoia Financial Advisors LLC raised its holdings in shares of Honda Motor by 1.7% during the second quarter. Sequoia Financial Advisors LLC now owns 52,013 shares of the company’s stock valued at $1,410,000 after purchasing an additional 846 shares during the period. Engineers Gate Manager LP grew its stake in shares of Honda Motor by 44.5% in the 2nd quarter. Engineers Gate Manager LP now owns 35,520 shares of the company’s stock valued at $963,000 after buying an additional 10,940 shares during the period. Integrated Wealth Concepts LLC increased its position in Honda Motor by 25.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 21,437 shares of the company’s stock valued at $581,000 after buying an additional 4,402 shares in the last quarter. Baird Financial Group Inc. increased its position in Honda Motor by 1.7% in the 2nd quarter. Baird Financial Group Inc. now owns 131,446 shares of the company’s stock valued at $3,564,000 after buying an additional 2,149 shares in the last quarter. Finally, Kintra Wealth LLC acquired a new position in Honda Motor during the 2nd quarter worth approximately $198,000. Institutional investors own 5.32% of the company’s stock.
About Honda Motor
Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.
Honda’s automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.
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