Honda Motor (NYSE:HMC) Shares Gap Up – Should You Buy?

Honda Motor Co., Ltd. (NYSE:HMC) shares gapped up prior to trading on Wednesday . The stock had previously closed at $26.48, but opened at $27.71. Honda Motor shares last traded at $27.75, with a volume of 451,863 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. BNP Paribas Exane began coverage on shares of Honda Motor in a research report on Thursday, February 12th. They issued an “underperform” rating and a $25.00 price objective on the stock. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 16th. Finally, Morgan Stanley cut Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $25.00.

Honda Motor Stock Performance

The firm has a market capitalization of $43.24 billion, a P/E ratio of -14.50, a P/E/G ratio of 20.93 and a beta of 0.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.28 and a quick ratio of 1.03. The firm has a 50-day moving average price of $24.84 and a two-hundred day moving average price of $28.05.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) EPS for the quarter, topping analysts’ consensus estimates of ($5.74) by $1.50. The firm had revenue of $36.81 billion for the quarter, compared to analysts’ expectations of $32.99 billion. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. On average, analysts forecast that Honda Motor Co., Ltd. will post 0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in shares of Honda Motor by 1.3% during the second quarter. Advisory Services Network LLC now owns 25,183 shares of the company’s stock valued at $787,000 after acquiring an additional 329 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Honda Motor by 4.0% in the third quarter. Checchi Capital Advisers LLC now owns 9,107 shares of the company’s stock worth $280,000 after purchasing an additional 348 shares in the last quarter. WealthCollab LLC increased its holdings in 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 during the period. Rosenberg Matthew Hamilton raised its position in Honda Motor by 6.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 6,052 shares of the company’s stock valued at $178,000 after purchasing an additional 376 shares in the last quarter. Finally, Allworth Financial LP raised its position in Honda Motor by 17.1% during the 3rd quarter. Allworth Financial LP now owns 2,642 shares of the company’s stock valued at $81,000 after purchasing an additional 385 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other 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.