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

Honda Motor Co Ltd (NYSE:HMC) has earned a consensus rating of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company.

HMC has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet upgraded shares of WillScot from a “d-” rating to a “c-” rating in a research note on Wednesday, May 8th. Deutsche Bank set a $60.00 target price on shares of Taubman Centers and gave the company a “hold” rating in a research note on Tuesday, June 11th. Zacks Investment Research upgraded shares of Garrett Motion from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, UBS Group lowered shares of to a “neutral” rating and cut their target price for the company from GBX 870 ($11.37) to GBX 650 ($8.49) in a research note on Wednesday, June 19th.

NYSE:HMC traded up $0.22 on Friday, reaching $26.48. The stock had a trading volume of 342,335 shares, compared to its average volume of 391,304. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $25.68. The company has a market cap of $46.70 billion, a PE ratio of 8.49, a P/E/G ratio of 1.10 and a beta of 0.98. Honda Motor has a 12-month low of $24.43 and a 12-month high of $31.04.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.60). The company had revenue of $4,049.10 billion during the quarter, compared to analyst estimates of $4,011.69 billion. Honda Motor had a net margin of 3.92% and a return on equity of 6.97%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $60.59 EPS. As a group, equities analysts predict that Honda Motor will post 3.54 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMC. Marshall Wace North America L.P. bought a new stake in Honda Motor during the first quarter worth approximately $987,000. Citigroup Inc. lifted its position in shares of Honda Motor by 1.7% in the 1st quarter. Citigroup Inc. now owns 64,150 shares of the company’s stock valued at $1,742,000 after acquiring an additional 1,075 shares in the last quarter. Zions Bancorporation N.A. purchased a new stake in shares of Honda Motor in the 1st quarter valued at approximately $35,000. O Shaughnessy Asset Management LLC lifted its position in shares of Honda Motor by 41.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 144,741 shares of the company’s stock valued at $3,933,000 after acquiring an additional 42,769 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Honda Motor by 10.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 234,550 shares of the company’s stock valued at $6,373,000 after acquiring an additional 21,764 shares in the last quarter. Hedge funds and other institutional investors own 2.08% of the company’s stock.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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