Honda Motor Co., Ltd. (NYSE:HMC) Receives Consensus Rating of “Hold” from Analysts

Honda Motor Co., Ltd. (NYSE:HMC) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.00.

HMC has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. Zacks Research lowered Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. BNP Paribas Exane initiated coverage on Honda Motor in a research report on Thursday, February 12th. They set an “underperform” rating and a $25.00 price target on the stock. Wall Street Zen lowered Honda Motor from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. Finally, Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 11th.

Institutional Investors Weigh In On Honda Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Larry Mathis Financial Planning LLC acquired a new stake in Honda Motor in the 4th quarter valued at approximately $228,000. Advisortrust Partners LLC acquired a new stake in Honda Motor in the 4th quarter valued at approximately $234,000. Auto Owners Insurance Co raised its position in Honda Motor by 5,004.4% in the 4th quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock valued at $25,303,000 after buying an additional 8,414,952 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Honda Motor by 998.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,339 shares of the company’s stock valued at $275,000 after buying an additional 8,489 shares during the last quarter. Finally, SG Trading Solutions LLC acquired a new stake in Honda Motor in the 4th quarter valued at approximately $511,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Trading Up 0.5%

NYSE HMC opened at $24.29 on Thursday. The firm has a market cap of $37.91 billion, a P/E ratio of 9.68 and a beta of 0.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.36 and a quick ratio of 1.09. The stock’s 50-day moving average is $27.30 and its 200-day moving average is $29.31. Honda Motor has a one year low of $23.25 and a one year high of $34.89.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.24. The company had revenue of $29.99 billion for the quarter, compared to analyst estimates of $33.34 billion. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%. Sell-side analysts anticipate that Honda Motor will post 3.99 earnings per share for the current fiscal year.

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.