Honda Motor Co Ltd (NYSE:HMC) has earned an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $42.00.
HMC has been the subject of a number of analyst reports. Nomura downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Monday, July 16th. ValuEngine raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. Finally, Zacks Investment Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research report on Wednesday, October 10th.
A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers bought a new position in shares of Honda Motor in the 3rd quarter valued at about $231,000. JPMorgan Chase & Co. grew its position in shares of Honda Motor by 35.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 380,166 shares of the company’s stock valued at $11,436,000 after acquiring an additional 100,187 shares during the period. Opus Capital Group LLC bought a new position in shares of Honda Motor in the 3rd quarter valued at about $330,000. Advisor Partners LLC grew its position in shares of Honda Motor by 27.2% in the 3rd quarter. Advisor Partners LLC now owns 18,390 shares of the company’s stock valued at $553,000 after acquiring an additional 3,937 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Honda Motor by 21.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 65,528 shares of the company’s stock valued at $1,971,000 after acquiring an additional 11,390 shares during the period. 2.09% of the stock is owned by institutional investors and hedge funds.
About Honda Motor
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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