Honda Motor Co., Ltd. (NYSE:HMC) Given Average Rating of “Hold” by Analysts

Honda Motor Co., Ltd. (NYSE:HMC) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $25.00.

HMC has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, June 3rd. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th.

Institutional Investors Weigh In On Honda Motor

Several institutional investors and hedge funds have recently bought and sold shares of HMC. Royal Bank of Canada raised its holdings in shares of Honda Motor by 8.6% during the first quarter. Royal Bank of Canada now owns 285,203 shares of the company’s stock valued at $7,737,000 after acquiring an additional 22,479 shares in the last quarter. AQR Capital Management LLC lifted 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 acquiring an additional 9,001 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Honda Motor by 5.8% in the first quarter. Integrated Wealth Concepts LLC now owns 8,552 shares of the company’s stock valued at $232,000 after acquiring an additional 468 shares in the last quarter. Millennium Management LLC boosted its holdings in Honda Motor by 41.4% in the first quarter. Millennium Management LLC now owns 342,491 shares of the company’s stock valued at $9,292,000 after acquiring an additional 100,330 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased 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 valued at $57,000 after purchasing an additional 1,161 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Trading Up 0.3%

Shares of HMC opened at $31.98 on Wednesday. The firm has a 50 day moving average price of $28.58 and a 200-day moving average price of $27.40. Honda Motor has a fifty-two week low of $23.25 and a fifty-two week high of $34.89. The firm has a market cap of $49.92 billion, a price-to-earnings ratio of -45.69 and a beta of 0.42. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%.The company had revenue of $37.27 billion during the quarter. As a group, equities research analysts forecast that Honda Motor will post 1.3 earnings per share for the current year.

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.