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

Honda Motor Co Ltd (NYSE:HMC) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $36.36.

HMC has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. ValuEngine upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. UBS Group upgraded shares of Honda Motor from an “underweight” rating to a “neutral” rating in a research note on Friday, November 17th. Finally, Jefferies Group restated a “buy” rating and set a $36.36 target price on shares of Honda Motor in a research note on Friday, October 13th.

Honda Motor (NYSE:HMC) traded down $1.27 on Friday, hitting $34.40. 1,910,000 shares of the company were exchanged, compared to its average volume of 632,723. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.23. Honda Motor has a 52 week low of $27.05 and a 52 week high of $37.29. The stock has a market cap of $61,230.00, a PE ratio of 6.44, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09.

Honda Motor (NYSE:HMC) last released its earnings results on Friday, February 2nd. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.33. Honda Motor had a net margin of 6.88% and a return on equity of 8.86%. The company had revenue of $3,957.12 billion for the quarter, compared to analysts’ expectations of $3,725.76 billion. During the same quarter in the previous year, the company earned $93.67 EPS. Honda Motor’s revenue for the quarter was up 13.0% on a year-over-year basis. equities research analysts anticipate that Honda Motor will post 5.2 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in HMC. Bank of New York Mellon Corp increased its holdings in Honda Motor by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 77,718 shares of the company’s stock valued at $2,128,000 after acquiring an additional 2,139 shares during the last quarter. Nationwide Fund Advisors increased its holdings in Honda Motor by 13.3% in the 2nd quarter. Nationwide Fund Advisors now owns 112,714 shares of the company’s stock valued at $3,087,000 after acquiring an additional 13,226 shares during the last quarter. FMR LLC increased its holdings in Honda Motor by 63.4% in the 2nd quarter. FMR LLC now owns 136,795 shares of the company’s stock valued at $3,747,000 after acquiring an additional 53,100 shares during the last quarter. Advisor Group Inc. increased its holdings in Honda Motor by 5.7% in the 2nd quarter. Advisor Group Inc. now owns 11,687 shares of the company’s stock valued at $314,000 after acquiring an additional 628 shares during the last quarter. Finally, Virtu KCG Holdings LLC increased its holdings in Honda Motor by 170.8% in the 2nd quarter. Virtu KCG Holdings LLC now owns 27,669 shares of the company’s stock valued at $758,000 after acquiring an additional 17,453 shares during the last quarter. Institutional investors own 2.41% of the company’s stock.

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About Honda Motor

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.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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