Honda Motor Co Ltd (HMC) Given Average Recommendation of “Hold” by Brokerages
Honda Motor Co Ltd (NYSE:HMC) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $33.50.
A number of research analysts recently issued reports on HMC shares. Jefferies Group LLC restated a “buy” rating and set a $33.18 price objective on shares of Honda Motor Co in a research report on Friday, July 14th. JPMorgan Chase & Co. lowered Honda Motor Co from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 5th. BidaskClub lowered Honda Motor Co from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Zacks Investment Research lowered Honda Motor Co from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Finally, Nomura upgraded Honda Motor Co from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st.
Several large investors have recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Honda Motor Co by 35.3% in the 2nd quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock valued at $152,872,000 after buying an additional 1,455,144 shares in the last quarter. Brandes Investment Partners LP boosted its stake in Honda Motor Co by 7.5% in the 2nd quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock valued at $107,247,000 after buying an additional 271,870 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Honda Motor Co by 15.0% in the 2nd quarter. Macquarie Group Ltd. now owns 3,809,248 shares of the company’s stock valued at $104,335,000 after buying an additional 496,345 shares in the last quarter. Equity Investment Corp Acquisition Inc boosted its stake in Honda Motor Co by 4.0% in the 1st quarter. Equity Investment Corp Acquisition Inc now owns 2,929,649 shares of the company’s stock valued at $88,651,000 after buying an additional 112,781 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Honda Motor Co by 11.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,876,703 shares of the company’s stock valued at $78,793,000 after buying an additional 302,703 shares in the last quarter. 2.58% of the stock is currently owned by institutional investors.
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Honda Motor Co (HMC) opened at 28.05 on Wednesday. Honda Motor Co has a 1-year low of $27.05 and a 1-year high of $32.17. The company’s 50 day moving average is $27.86 and its 200-day moving average is $28.69. The stock has a market capitalization of $50.55 billion, a PE ratio of 8.52 and a beta of 1.01.
Honda Motor Co (NYSE:HMC) last issued its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion for the quarter, compared to analyst estimates of $3,525.55 billion. Honda Motor Co had a return on equity of 11.26% and a net margin of 6.07%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $96.93 earnings per share. Analysts forecast that Honda Motor Co will post $2.76 earnings per share for the current fiscal year.
Honda Motor Co Company Profile
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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