Honda Motor Co., Ltd. (NYSE:HMC) Given Average Recommendation of “Reduce” by Brokerages

Honda Motor Co., Ltd. (NYSE:HMC) has earned an average recommendation of “Reduce” from the six research firms that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.00.

Several equities research analysts have weighed in on HMC shares. Zacks Research downgraded shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. BNP Paribas Exane started coverage on shares of Honda Motor in a research note on Thursday, February 12th. They issued an “underperform” rating and a $25.00 target price for the company. Weiss Ratings downgraded shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Finally, Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th.

Institutional Investors Weigh In On Honda Motor

Several institutional investors have recently bought and sold shares of HMC. WealthCollab LLC lifted its stake in shares of Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after buying an additional 365 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Honda Motor during the third quarter worth $26,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Honda Motor during the second quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of Honda Motor during the fourth quarter worth $32,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Honda Motor during the fourth quarter worth $33,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Price Performance

NYSE HMC opened at $27.07 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.03 and a current ratio of 1.28. The firm’s 50 day moving average price is $25.25 and its 200-day moving average price is $27.91. Honda Motor has a 52-week low of $23.25 and a 52-week high of $34.89. The company has a market cap of $42.24 billion, a PE ratio of -14.17, a P/E/G ratio of 4.49 and a beta of 0.44.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share for the quarter, beating the consensus estimate of ($5.74) by $1.50. The company had revenue of $36.81 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts forecast that Honda Motor will post 0.93 EPS for the current fiscal year.

About Honda Motor

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.