Honda Motor (NYSE:HMC) Sets New 12-Month Low – Should You Sell?

Shares of Honda Motor Co., Ltd. (NYSE:HMC) hit a new 52-week low during trading on Tuesday . The company traded as low as $23.43 and last traded at $23.3970, with a volume of 671402 shares traded. The stock had previously closed at $23.84.

Analysts Set New Price Targets

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

Honda Motor Price Performance

The company has a 50 day simple moving average of $28.18 and a 200-day simple moving average of $29.74. The stock has a market cap of $36.53 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.85 and a beta of 0.43. 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 results on Wednesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.24. The company had revenue of $29.99 billion during the quarter, compared to analysts’ expectations of $33.34 billion. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. Research analysts expect that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Hedge Funds Weigh In On Honda Motor

A number of large investors have recently modified their holdings of the business. WealthCollab LLC raised its stake in shares of Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after purchasing an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Honda Motor during the 3rd quarter worth about $26,000. Newbridge Financial Services Group Inc. bought a new position in shares of Honda Motor during the second quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new position in shares of Honda Motor in the fourth quarter valued at about $32,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Honda Motor in the fourth quarter valued at about $33,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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.