Honda Motor (NYSE:HMC – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.
A number of other research firms have also recently weighed in on HMC. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Honda Motor has a consensus rating of “Hold” and an average price target of $25.00.
View Our Latest Stock Analysis on HMC
Honda Motor Trading Up 0.3%
Honda Motor (NYSE:HMC – Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share 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%. As a group, research analysts expect that Honda Motor will post 1.3 EPS for the current fiscal year.
Institutional Investors Weigh In On Honda Motor
Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC lifted its position in Honda Motor by 1.3% during the 2nd quarter. Advisory Services Network LLC now owns 25,183 shares of the company’s stock worth $787,000 after acquiring an additional 329 shares in the last quarter. WealthCollab LLC grew its position in Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after acquiring an additional 365 shares in the last quarter. Allworth Financial LP grew its position in Honda Motor by 14.8% in the fourth quarter. Allworth Financial LP now owns 3,034 shares of the company’s stock valued at $89,000 after acquiring an additional 392 shares in the last quarter. Harbour Investments Inc. raised its stake in shares of Honda Motor by 5.8% during the fourth quarter. Harbour Investments Inc. now owns 7,265 shares of the company’s stock valued at $214,000 after purchasing an additional 400 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Honda Motor by 0.5% during the second quarter. Cerity Partners LLC now owns 90,498 shares of the company’s stock valued at $2,609,000 after purchasing an additional 414 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.
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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