Honda Motor Company, Ltd. (NYSE:HMC) has received a consensus recommendation of “Hold” from the four ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $35.00.
A number of analysts have recently commented on the company. Jefferies Group LLC reissued a “buy” rating and set a $35.00 price target on shares of Honda Motor Company in a research note on Friday, May 26th. TheStreet downgraded Honda Motor Company from a “b-” rating to a “c+” rating in a research report on Tuesday, March 21st. Finally, Zacks Investment Research upgraded Honda Motor Company from a “sell” rating to a “hold” rating in a research report on Friday, May 26th.
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Large investors have recently modified their holdings of the company. Proficio Capital Partners LLC increased its stake in Honda Motor Company by 105.0% in the first quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock valued at $149,000 after buying an additional 2,735 shares in the last quarter. Community Financial Services Group LLC increased its stake in Honda Motor Company by 2.8% in the first quarter. Community Financial Services Group LLC now owns 140,758 shares of the company’s stock valued at $4,259,000 after buying an additional 3,775 shares in the last quarter. Sanders Capital LLC increased its stake in Honda Motor Company by 0.3% in the first quarter. Sanders Capital LLC now owns 174,001 shares of the company’s stock valued at $5,265,000 after buying an additional 500 shares in the last quarter. Macquarie Group Ltd. increased its stake in Honda Motor Company by 20.6% in the first quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock valued at $100,248,000 after buying an additional 566,685 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in Honda Motor Company by 38.0% in the first quarter. HighTower Advisors LLC now owns 20,577 shares of the company’s stock valued at $623,000 after buying an additional 5,662 shares in the last quarter. Institutional investors and hedge funds own 2.56% of the company’s stock.
Shares of Honda Motor Company (HMC) traded down 0.11% during mid-day trading on Monday, reaching $27.86. The company’s stock had a trading volume of 681,381 shares. The company has a 50-day moving average of $28.23 and a 200-day moving average of $29.75. The firm has a market cap of $50.21 billion, a PE ratio of 9.06 and a beta of 1.04. Honda Motor Company has a 12 month low of $24.03 and a 12 month high of $32.17.
Honda Motor Company (NYSE:HMC) last announced its quarterly earnings results on Friday, April 28th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.26. Honda Motor Company had a return on equity of 8.54% and a net margin of 4.44%. The firm had revenue of $3,763.40 billion for the quarter, compared to analyst estimates of $3,670.98 billion. During the same period last year, the firm posted ($51.85) earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts predict that Honda Motor Company will post $2.76 earnings per share for the current year.
About Honda Motor Company
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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