A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Honda Motor from a hold rating to a sell rating in a research note on Tuesday, April 25th. TheStreet lowered Honda Motor from a b- rating to a c+ rating in a research note on Tuesday, March 21st. BidaskClub lowered Honda Motor from a sell rating to a strong sell rating in a research note on Thursday, June 22nd. Finally, J P Morgan Chase & Co lowered Honda Motor from an overweight rating to a neutral rating in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $33.59.
Honda Motor (NYSE HMC) traded up 0.33% during mid-day trading on Friday, reaching $27.72. The company had a trading volume of 640,090 shares. Honda Motor has a 52 week low of $26.42 and a 52 week high of $32.17. The stock has a 50 day moving average of $27.87 and a 200 day moving average of $29.61. The stock has a market capitalization of $49.96 billion, a price-to-earnings ratio of 9.08 and a beta of 1.01.
Honda Motor (NYSE:HMC) last released its quarterly earnings data on Friday, April 28th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.26. The company had revenue of $3,763.40 billion for the quarter, compared to analyst estimates of $3,670.98 billion. Honda Motor had a return on equity of 8.54% and a net margin of 4.44%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($51.85) earnings per share. Analysts anticipate that Honda Motor will post $2.76 earnings per share for the current year.
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Several institutional investors have recently made changes to their positions in HMC. Mascoma Wealth Management LLC acquired a new position in shares of Honda Motor during the second quarter valued at approximately $103,000. IFP Advisors Inc raised its position in shares of Honda Motor by 2.6% in the first quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock valued at $131,000 after buying an additional 108 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Honda Motor by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company’s stock valued at $145,000 after buying an additional 883 shares during the period. SG Americas Securities LLC acquired a new position in shares of Honda Motor during the first quarter valued at approximately $157,000. Finally, Proficio Capital Partners LLC raised its position in shares of Honda Motor by 105.0% in the first quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock valued at $149,000 after buying an additional 2,735 shares during the period. 2.56% of the stock is currently owned by institutional investors and hedge funds.
Honda Motor Company Profile
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.
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