Honda Motor Company, Ltd. (NYSE:HMC) was downgraded by equities researchers at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, Marketbeat reports.

Several other analysts also recently issued reports on HMC. BidaskClub downgraded Honda Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Jefferies Group LLC set a $35.00 price objective on Honda Motor and gave the company a “buy” rating in a research report on Wednesday, August 16th. Instinet upgraded Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. ValuEngine downgraded Honda Motor from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Nomura upgraded Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Honda Motor presently has an average rating of “Hold” and an average price target of $33.50.

Honda Motor (NYSE:HMC) traded down 0.9575% during trading on Tuesday, hitting $27.9399. 380,283 shares of the stock traded hands. The company has a market cap of $50.36 billion, a P/E ratio of 8.4821 and a beta of 1.01. The company’s 50 day moving average price is $27.84 and its 200 day moving average price is $28.78. Honda Motor has a 12 month low of $27.05 and a 12 month high of $32.17.

Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.21. The company had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. Honda Motor’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $96.93 earnings per share. On average, equities research analysts anticipate that Honda Motor will post $2.76 EPS for the current fiscal year.

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Large investors have recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new stake in shares of Honda Motor in the second quarter valued at $103,000. IFP Advisors Inc increased its stake in Honda Motor by 2.6% in the first quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock valued at $131,000 after purchasing an additional 108 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Honda Motor by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company’s stock valued at $145,000 after purchasing an additional 883 shares during the last quarter. Pacad Investment Ltd. increased its stake in Honda Motor by 6.3% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock valued at $140,000 after purchasing an additional 300 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Honda Motor in the first quarter valued at $157,000. Institutional investors and hedge funds own 2.58% of the company’s stock.

Honda Motor Company Profile

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.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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