Honda Motor (NYSE:HMC) Sets New 1-Year High – What’s Next?

Honda Motor Co., Ltd. (NYSE:HMC) shares reached a new 52-week high on Thursday. The stock traded as high as $34.59 and last traded at $34.5220, with a volume of 193,028 shares trading hands. The stock had previously closed at $33.97.

Wall Street Analyst Weigh In

HMC has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday. Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. BNP Paribas Exane assumed coverage on shares of Honda Motor in a report on Friday, September 18th. They issued a “neutral” rating and a $34.00 price target for the company. Finally, Wall Street Zen upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Honda Motor currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Honda Motor Stock Performance

The firm has a fifty day moving average of $32.49 and a 200-day moving average of $28.86. The firm has a market cap of $53.34 billion, a P/E ratio of -48.82 and a beta of 0.46. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69.

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

Hedge Funds Weigh In On Honda Motor

Large investors have recently bought and sold shares of the business. Manchester Capital Management LLC increased its stake in shares of Honda Motor by 15.4% in the 3rd quarter. Manchester Capital Management LLC now owns 2,629 shares of the company’s stock valued at $83,000 after acquiring an additional 351 shares during the last quarter. Plan A Wealth LLC raised its position in shares of Honda Motor by 1.6% in the 3rd quarter. Plan A Wealth LLC now owns 24,858 shares of the company’s stock valued at $786,000 after acquiring an additional 398 shares during the period. Fifth Third Bancorp boosted its stake in Honda Motor by 9.4% during the 2nd quarter. Fifth Third Bancorp now owns 5,091 shares of the company’s stock worth $138,000 after acquiring an additional 438 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in Honda Motor by 38.2% during the second quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company’s stock valued at $51,000 after purchasing an additional 518 shares during the period. Finally, State of Wyoming grew its holdings in Honda Motor by 17.4% during the first quarter. State of Wyoming now owns 3,609 shares of the company’s stock valued at $88,000 after purchasing an additional 536 shares during the period. 5.32% of the stock is currently owned by institutional investors and hedge funds.

About Honda Motor

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.