Honda Motor (NYSE:HMC) Sets New 12-Month Low – What’s Next?

Honda Motor Co., Ltd. (NYSE:HMC) reached a new 52-week low during trading on Monday . The stock traded as low as $23.81 and last traded at $23.78, with a volume of 208506 shares changing hands. The stock had previously closed at $24.34.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HMC shares. Wall Street Zen cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. Nomura upgraded shares of Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, BNP Paribas Exane assumed coverage on shares of Honda Motor in a research note on Thursday, February 12th. They issued an “underperform” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Honda Motor presently has a consensus rating of “Hold” and an average target price of $25.00.

Honda Motor Trading Down 1.7%

The business has a 50 day moving average of $28.97 and a two-hundred day moving average of $30.15. The firm has a market cap of $37.36 billion, a P/E ratio of 9.53 and a beta of 0.37. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.24. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%.The firm had revenue of $29.99 billion for the quarter, compared to analyst estimates of $33.34 billion. Analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Hedge Funds Weigh In On Honda Motor

A number of hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC grew its position in shares of Honda Motor by 2.0% during the 3rd quarter. Fisher Asset Management LLC now owns 10,572,505 shares of the company’s stock worth $325,633,000 after purchasing an additional 205,016 shares in the last quarter. Auto Owners Insurance Co lifted its holdings in shares of Honda Motor by 5,004.4% in the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after acquiring an additional 8,414,952 shares during the last quarter. Mondrian Investment Partners LTD acquired a new stake in shares of Honda Motor in the 3rd quarter valued at approximately $136,637,000. Bank of America Corp DE grew its holdings in shares of Honda Motor by 34.8% during the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock valued at $129,369,000 after purchasing an additional 1,083,245 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its position in Honda Motor by 28.7% during the 4th quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after purchasing an additional 590,128 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

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.