Honda Motor Co., Ltd. (NYSE:HMC) Receives Consensus Rating of “Hold” from Analysts

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

A number of research analysts recently weighed in on HMC shares. Zacks Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. 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 reissued a “sell (d)” rating on shares of Honda Motor in a research report on Monday, August 31st.

Hedge Funds Weigh In On Honda Motor

Several hedge funds and other institutional investors have recently made changes to their positions in HMC. UBS Group AG raised its stake in Honda Motor by 126.0% in the fourth quarter. UBS Group AG now owns 397,086 shares of the company’s stock valued at $11,706,000 after buying an additional 221,392 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Honda Motor by 3.6% during the 1st quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock worth $68,917,000 after acquiring an additional 99,301 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Honda Motor by 16.5% during the 1st quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock worth $33,931,000 after acquiring an additional 197,431 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in shares of Honda Motor in the 2nd quarter valued at about $261,000. Finally, Royal Bank of Canada increased its holdings in shares of Honda Motor by 13.4% in the 1st quarter. Royal Bank of Canada now owns 401,613 shares of the company’s stock valued at $9,763,000 after acquiring an additional 47,382 shares during the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of Honda Motor stock opened at $32.56 on Friday. The business has a 50-day moving average of $30.54 and a 200 day moving average of $27.55. Honda Motor has a 12 month low of $23.25 and a 12 month high of $34.44. The stock has a market capitalization of $50.83 billion, a price-to-earnings ratio of -46.52 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.04.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The company had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. As a group, sell-side analysts forecast that Honda Motor will post 2.11 earnings per share for the current year.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.

Honda’s automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.