Honda Motor (NYSE:HMC) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Honda Motor Co., Ltd. (NYSE:HMC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.51 and traded as high as $29.13. Honda Motor shares last traded at $28.5030, with a volume of 1,483,346 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 11th. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.00.

Honda Motor Stock Performance

The stock has a market cap of $43.07 billion, a price-to-earnings ratio of -14.45, a P/E/G ratio of 4.92 and a beta of 0.43. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. The company has a 50 day simple moving average of $26.31 and a 200 day simple moving average of $27.48.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share for the quarter, topping the consensus estimate of ($5.74) by $1.50. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.The company had revenue of $36.81 billion for the quarter, compared to analysts’ expectations of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. As a group, equities research analysts forecast that Honda Motor Co., Ltd. will post 0.92 EPS for the current year.

Institutional Investors Weigh In On Honda Motor

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its holdings in Honda Motor by 8.6% in the 1st quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock worth $7,737,000 after acquiring an additional 22,479 shares during the last quarter. AQR Capital Management LLC boosted its stake in Honda Motor by 29.5% in the first quarter. AQR Capital Management LLC now owns 39,558 shares of the company’s stock worth $1,073,000 after buying an additional 9,001 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Honda Motor by 5.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after purchasing an additional 468 shares in the last quarter. Millennium Management LLC grew its stake in shares of Honda Motor by 41.4% during the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock valued at $9,292,000 after buying an additional 100,330 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Honda Motor by 121.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company’s stock worth $57,000 after acquiring an additional 1,161 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

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.