Honda Motor Co., Ltd. (NYSE:HMC) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $34.00.

Several equities research analysts recently weighed in on HMC shares. BNP Paribas Exane initiated coverage on shares of Honda Motor in a research report on Friday, September 18th. They issued a “neutral” rating and a $34.00 price target on the stock. Wall Street Zen upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Weiss Ratings raised shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 22nd. Finally, Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMC. Fisher Asset Management LLC boosted its holdings in Honda Motor by 4.9% during the 3rd quarter. Fisher Asset Management LLC now owns 8,200,275 shares of the company’s stock valued at $259,129,000 after acquiring an additional 379,760 shares during the period. Russell Investments Group Ltd. grew its position in Honda Motor by 37.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 74,405 shares of the company’s stock valued at $2,351,000 after acquiring an additional 20,284 shares during the last quarter. First Command Advisory Services Inc. grew its position in Honda Motor by 414.3% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,260 shares of the company’s stock valued at $40,000 after acquiring an additional 1,015 shares during the last quarter. Lido Advisors LLC increased its stake in Honda Motor by 26.2% in the third quarter. Lido Advisors LLC now owns 22,827 shares of the company’s stock worth $721,000 after purchasing an additional 4,738 shares during the period. Finally, Keybank National Association OH increased its stake in Honda Motor by 8.5% in the third quarter. Keybank National Association OH now owns 35,558 shares of the company’s stock worth $1,124,000 after purchasing an additional 2,795 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Down 0.1%

Shares of HMC opened at $35.76 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.04. The stock has a market capitalization of $55.81 billion, a price-to-earnings ratio of -51.08 and a beta of 0.48. Honda Motor has a 1 year low of $23.25 and a 1 year high of $36.88. The business’s 50 day simple moving average is $32.97 and its 200-day simple moving average is $29.05.

About Honda Motor

Honda Motor Co, Ltd. is a Japan-based manufacturer of automobiles, motorcycles and other mobility products. Its vehicle lineup includes passenger cars, SUVs and electrified models, while its motorcycle business serves consumers and commercial users in markets around the world.

The company also makes power equipment, marine engines and other products, and provides financial services that support vehicle and equipment sales. Honda’s aviation subsidiary, Honda Aircraft Company, develops and manufactures the HondaJet business aircraft.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company has grown into a global business with operations and customers across Asia, North America, Europe and other regions.