Brokerages Set Honda Motor Co Ltd (HMC) Price Target at $42.00

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.

Honda Motor stock traded down $0.45 during mid-day trading on Monday, reaching $28.44. The company’s stock had a trading volume of 47,017 shares, compared to its average volume of 1,064,215. The company has a market cap of $53.07 billion, a P/E ratio of 7.84, a price-to-earnings-growth ratio of 2.79 and a beta of 0.97. Honda Motor has a 12 month low of $26.04 and a 12 month high of $37.29. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

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.

Featured Article: How to Invest in a Bull Market

Analyst Recommendations for Honda Motor (NYSE:HMC)

Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply