Honda Motor Company, Ltd. (HMC) Upgraded by ValuEngine to Buy
ValuEngine upgraded shares of Honda Motor Company, Ltd. (NYSE:HMC) from a hold rating to a buy rating in a research note issued to investors on Monday morning.
A number of other analysts also recently weighed in on HMC. Jefferies Group LLC restated a buy rating and issued a $33.18 price target on shares of Honda Motor in a research note on Friday, July 14th. J P Morgan Chase & Co lowered Honda Motor from an overweight rating to a neutral rating in a report on Wednesday, July 5th. Nomura upgraded Honda Motor from a reduce rating to a neutral rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded Honda Motor from a sell rating to a hold rating in a research report on Monday, June 5th. Finally, BidaskClub downgraded Honda Motor from a sell rating to a strong sell rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $33.50.
Honda Motor (HMC) opened at 29.96 on Monday. Honda Motor has a 12 month low of $27.05 and a 12 month high of $32.17. The stock’s 50 day moving average price is $28.64 and its 200-day moving average price is $28.46. The stock has a market cap of $54.00 billion, a price-to-earnings ratio of 9.01 and a beta of 1.03.
Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The company had revenue of $3,713 billion for the quarter, compared to analysts’ expectations of $3,525.55 billion. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $96.93 EPS. Equities research analysts predict that Honda Motor will post $2.76 EPS for the current year.
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Several large investors have recently made changes to their positions in HMC. Bank of New York Mellon Corp grew its holdings in shares of Honda Motor by 7.7% in the 1st quarter. Bank of New York Mellon Corp now owns 75,579 shares of the company’s stock worth $2,287,000 after acquiring an additional 5,420 shares during the period. Sei Investments Co. raised its holdings in Honda Motor by 10.2% during the first quarter. Sei Investments Co. now owns 67,645 shares of the company’s stock worth $2,047,000 after purchasing an additional 6,252 shares during the last quarter. Level Four Advisory Services LLC raised its holdings in Honda Motor by 5.2% during the first quarter. Level Four Advisory Services LLC now owns 17,040 shares of the company’s stock worth $504,000 after purchasing an additional 835 shares during the last quarter. OLD National Bancorp IN raised its holdings in Honda Motor by 6.1% during the second quarter. OLD National Bancorp IN now owns 8,441 shares of the company’s stock worth $231,000 after purchasing an additional 489 shares during the last quarter. Finally, Paloma Partners Management Co raised its holdings in Honda Motor by 42.8% during the first quarter. Paloma Partners Management Co now owns 25,765 shares of the company’s stock worth $780,000 after purchasing an additional 7,724 shares during the last quarter. 2.58% of the stock is currently owned by institutional investors and hedge funds.
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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