Honda Motor Co., Ltd. (NYSE:HMC – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $34.00.
A number of equities analysts have commented on HMC shares. BNP Paribas Exane started coverage on shares of Honda Motor in a research report on Friday, September 18th. They set a “neutral” rating and a $34.00 price objective for the company. Wall Street Zen raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. 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 raised shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 22nd.
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Honda Motor Price Performance
Shares of NYSE HMC opened at $35.28 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. Honda Motor has a 12 month low of $23.25 and a 12 month high of $35.42. The stock has a 50 day moving average of $32.79 and a 200-day moving average of $29.00.
Honda Motor (NYSE:HMC – Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%. The business had revenue of $37.27 billion for the quarter. On average, equities analysts expect that Honda Motor will post 2.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Honda Motor
Hedge funds have recently bought and sold shares of the stock. Donald Smith & CO. Inc. acquired a new position in shares of Honda Motor in the second quarter valued at about $109,593,000. Bank of America Corp DE increased its position in Honda Motor by 3.6% during the first quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock worth $68,917,000 after acquiring an additional 99,301 shares during the period. BlackRock Inc. increased its position in Honda Motor by 35.2% during the second quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock worth $72,004,000 after acquiring an additional 691,165 shares during the period. First Trust Advisors LP raised its stake in Honda Motor by 16.5% in the 1st quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock worth $33,931,000 after purchasing an additional 197,431 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Honda Motor by 13.4% in the 1st quarter. Royal Bank of Canada now owns 401,613 shares of the company’s stock worth $9,763,000 after purchasing an additional 47,382 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.
About Honda Motor
Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.
Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.
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