Honda Motor Co., Ltd. (NYSE:HMC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

A number of research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. Nomura Securities raised shares of Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th.

Honda Motor Stock Performance

NYSE:HMC opened at $30.67 on Tuesday. The company has a fifty day moving average of $29.93 and a two-hundred day moving average of $31.32. Honda Motor has a fifty-two week low of $24.56 and a fifty-two week high of $34.89. The stock has a market capitalization of $47.86 billion, a PE ratio of 10.02, a P/E/G ratio of 1.23 and a beta of 0.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.41.

Honda Motor (NYSE:HMC) last released its earnings results on Friday, November 7th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The company had revenue of $34.71 billion for the quarter, compared to analysts’ expectations of $35.95 billion. Honda Motor had a return on equity of 5.18% and a net margin of 3.04%. As a group, research analysts forecast that Honda Motor will post 3.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Several hedge funds and other institutional investors have recently made changes to their positions in HMC. Royal Bank of Canada boosted its stake in Honda Motor by 8.6% during the first quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock worth $7,737,000 after buying an additional 22,479 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Honda Motor by 10.4% during the 1st quarter. Advisors Asset Management Inc. now owns 29,069 shares of the company’s stock worth $789,000 after acquiring an additional 2,735 shares during the period. AQR Capital Management LLC boosted its position in shares of Honda Motor by 29.5% during the 1st quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock valued at $1,073,000 after acquiring an additional 9,001 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Honda Motor by 5.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after purchasing an additional 468 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Honda Motor by 41.4% in the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock valued at $9,292,000 after purchasing an additional 100,330 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

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.