Honda Motor Co. (HMC) Receives Average Recommendation of “Hold” from Brokerages
Shares of Honda Motor Co. (NYSE:HMC) have earned an average rating of “Hold” from the ten brokerages that are currently covering the firm. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.60.
HMC has been the subject of several research analyst reports. Zacks Investment Research raised Honda Motor from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, October 4th. TheStreet raised Honda Motor from a “hold” rating to a “buy” rating in a research report on Friday, August 12th.
Large investors have recently bought and sold shares of the company. FNY Managed Accounts LLC acquired a new stake in Honda Motor during the third quarter valued at about $101,000. IFP Advisors Inc boosted its stake in Honda Motor by 42.7% in the second quarter. IFP Advisors Inc now owns 4,312 shares of the company’s stock valued at $109,000 after buying an additional 1,291 shares during the period. Creative Planning boosted its stake in Honda Motor by 69.7% in the third quarter. Creative Planning now owns 4,057 shares of the company’s stock valued at $117,000 after buying an additional 1,666 shares during the period. Balentine LLC boosted its stake in Honda Motor by 5.8% in the second quarter. Balentine LLC now owns 5,397 shares of the company’s stock valued at $137,000 after buying an additional 297 shares during the period. Finally, BlackRock Institutional Trust Company N.A. acquired a new stake in Honda Motor during the first quarter valued at about $159,000. Institutional investors and hedge funds own 3.01% of the company’s stock.
Shares of Honda Motor (NYSE:HMC) traded down 0.3957% during trading on Wednesday, hitting $29.4032. The stock had a trading volume of 503,808 shares. Honda Motor has a 12-month low of $24.03 and a 12-month high of $33.87. The stock’s 50 day moving average is $29.72 and its 200-day moving average is $27.90. The company has a market cap of $52.99 billion, a PE ratio of 16.5094 and a beta of 1.09.
Honda Motor (NYSE:HMC) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $96.93 earnings per share for the quarter, beating the consensus estimate of $74.83 by $22.10. Honda Motor had a return on equity of 4.88% and a net margin of 2.35%. The firm earned $3,471.70 billion during the quarter, compared to the consensus estimate of $3,452.87 billion. During the same period last year, the business posted $103.22 EPS. Honda Motor’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts forecast that Honda Motor will post $2.64 earnings per share for the current year.
About Honda Motor
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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