Honda Motor Co., Ltd. (NYSE:HMC) Stock Has Consensus Price Target of $34.00

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $34.00.

A number of equities research analysts have weighed in on the company. BNP Paribas Exane started coverage on Honda Motor in a report on Friday, September 18th. They issued a “neutral” rating and a $34.00 target price on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Honda Motor in a report on Monday, August 31st. Wall Street Zen raised Honda Motor from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Finally, Zacks Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. acquired a new stake in shares of Honda Motor in the 2nd quarter valued at approximately $109,593,000. BlackRock Inc. increased its position in Honda Motor by 35.2% during the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock worth $72,004,000 after purchasing an additional 691,165 shares in the last quarter. Bank of America Corp DE increased its position in Honda Motor by 3.6% during the 1st quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock worth $68,917,000 after purchasing an additional 99,301 shares in the last quarter. Equity Investment Corp lifted its stake in Honda Motor by 1.2% in the 4th quarter. Equity Investment Corp now owns 2,302,204 shares of the company’s stock valued at $67,869,000 after purchasing an additional 27,965 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Honda Motor by 16.5% in the 1st quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock valued at $33,931,000 after purchasing an additional 197,431 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of Honda Motor stock opened at $32.73 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. The company has a market cap of $51.08 billion, a PE ratio of -46.75 and a beta of 0.46. The company has a 50 day moving average of $31.92 and a 200-day moving average of $28.19. Honda Motor has a 1-year low of $23.25 and a 1-year high of $33.44.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The business had revenue of $37.27 billion for the quarter. As a group, equities research analysts forecast that Honda Motor will post 2.25 earnings per share for the current fiscal year.

About Honda Motor

Honda Motor Co, Ltd. is a Japanese manufacturer of automobiles, motorcycles and power products. The company’s automotive lineup includes passenger cars, sport utility vehicles, light trucks and electric vehicles sold primarily under the Honda brand, as well as luxury vehicles marketed through its Acura brand in select markets.

Honda also develops and sells motorcycles, all-terrain vehicles, generators, lawn and garden equipment, marine engines and other power products. Through Honda Aircraft Company, it produces HondaJet light business aircraft.