Honda Motor Co., Ltd. (NYSE:HMC) Receives Average Recommendation of “Hold” from Brokerages

Honda Motor Co., Ltd. (NYSE:HMC) has been assigned an average rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.00.

Several research analysts have recently weighed in on HMC shares. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings cut shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th.

Honda Motor Stock Up 1.5%

Shares of Honda Motor stock opened at $27.24 on Tuesday. 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 stock has a market capitalization of $42.51 billion, a PE ratio of -14.26, a price-to-earnings-growth ratio of 4.62 and a beta of 0.44. Honda Motor has a 52-week low of $23.25 and a 52-week high of $34.89. The company has a 50-day simple moving average of $25.78 and a two-hundred day simple moving average of $27.62.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.74) by $1.50. The business had revenue of $36.81 billion during 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 anticipate that Honda Motor will post 0.93 EPS for the current fiscal year.

Institutional Trading of Honda Motor

Several large investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC grew its position in Honda Motor by 2.0% during the third quarter. Fisher Asset Management LLC now owns 10,572,505 shares of the company’s stock valued at $325,633,000 after buying an additional 205,016 shares during the period. Auto Owners Insurance Co grew its position in Honda Motor by 5,004.4% during the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock valued at $25,303,000 after buying an additional 8,414,952 shares during the period. Bank of America Corp DE grew its position in Honda Motor by 34.8% during the third quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock valued at $129,369,000 after buying an additional 1,083,245 shares during the period. Donald Smith & CO. Inc. boosted its position in shares of Honda Motor by 28.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after purchasing an additional 590,128 shares during the period. Finally, Equity Investment Corp boosted its position in shares of Honda Motor by 1.2% in the fourth quarter. Equity Investment Corp now owns 2,302,204 shares of the company’s stock worth $67,869,000 after purchasing an additional 27,965 shares during the period. 5.32% of the stock is currently owned by 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.