Honda Motor Co Ltd (HMC) Receives Consensus Rating of “Buy” from Brokerages

Honda Motor Co Ltd (NYSE:HMC) has been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $42.00.

A number of brokerages have issued reports on HMC. Zacks Investment Research downgraded Honda Motor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 11th. ValuEngine upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Nomura downgraded Honda Motor from a “buy” rating to a “neutral” rating in a research report on Monday, July 16th.

A number of hedge funds have recently modified their holdings of HMC. Advisors Asset Management Inc. raised its holdings in shares of Honda Motor by 3,658.4% in the second quarter. Advisors Asset Management Inc. now owns 1,127,068 shares of the company’s stock worth $1,067,000 after buying an additional 1,097,080 shares during the period. Millennium Management LLC raised its holdings in shares of Honda Motor by 2,933.6% in the first quarter. Millennium Management LLC now owns 710,196 shares of the company’s stock worth $24,665,000 after buying an additional 686,785 shares during the period. Federated Investors Inc. PA raised its holdings in shares of Honda Motor by 249,459.5% in the second quarter. Federated Investors Inc. PA now owns 301,967 shares of the company’s stock worth $8,839,000 after buying an additional 301,846 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Honda Motor by 26.8% in the second quarter. Renaissance Technologies LLC now owns 1,285,036 shares of the company’s stock worth $37,613,000 after buying an additional 271,936 shares during the period. Finally, First Hawaiian Bank purchased a new stake in shares of Honda Motor in the third quarter worth approximately $4,257,000. Institutional investors and hedge funds own 2.07% of the company’s stock.

HMC stock traded up $0.65 during midday trading on Thursday, reaching $27.70. 666,619 shares of the company traded hands, compared to its average volume of 638,039. Honda Motor has a 52-week low of $26.81 and a 52-week high of $37.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.96. The company has a market cap of $54.49 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 2.93 and a beta of 1.03.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.19. Honda Motor had a return on equity of 8.90% and a net margin of 7.09%. The business had revenue of $4,024.10 billion for the quarter, compared to the consensus estimate of $3,794.23 billion. During the same period in the prior year, the business posted $115.04 earnings per share. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities research analysts expect that Honda Motor will post 3.55 EPS for the current year.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

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Analyst Recommendations for Honda Motor (NYSE:HMC)

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