Honda Motor Company, Ltd. (NYSE:HMC) Downgraded to “Strong Sell” at BidaskClub
BidaskClub cut shares of Honda Motor Company, Ltd. (NYSE:HMC) from a sell rating to a strong sell rating in a research note released on Thursday.
A number of other equities research analysts also recently issued reports on HMC. Instinet upgraded shares of Honda Motor from a reduce rating to a neutral rating in a research note on Tuesday, August 1st. Nomura upgraded shares of Honda Motor from a reduce rating to a neutral rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Honda Motor from a sell rating to a hold rating in a research note on Monday, June 5th. Jefferies Group LLC reissued a buy rating and issued a $35.00 target price on shares of Honda Motor in a report on Friday, May 26th. Finally, TheStreet raised shares of Honda Motor from a c+ rating to a b- rating in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $33.59.
Shares of Honda Motor (NYSE:HMC) traded up 0.671% during trading on Thursday, reaching $27.745. 235,466 shares of the company traded hands. Honda Motor has a 12 month low of $27.05 and a 12 month high of $32.17. The stock has a market capitalization of $50.00 billion, a PE ratio of 8.508 and a beta of 1.01. The company has a 50-day moving average of $27.70 and a 200-day moving average of $29.11.
Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $96.93 earnings per share. Analysts forecast that Honda Motor will post $2.76 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mascoma Wealth Management LLC acquired a new position in shares of Honda Motor during the second quarter worth about $103,000. IFP Advisors Inc raised its position in shares of Honda Motor by 2.6% in the first quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock worth $131,000 after buying an additional 108 shares during the period. Pacad Investment Ltd. raised its position in shares of Honda Motor by 6.3% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after buying an additional 300 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Honda Motor by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company’s stock worth $145,000 after buying an additional 883 shares during the period. Finally, Proficio Capital Partners LLC raised its position in shares of Honda Motor by 105.0% in the first quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock worth $149,000 after buying an additional 2,735 shares during the period. Institutional investors and hedge funds own 2.63% of the company’s stock.
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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