Honda Motor Company, Ltd. (NYSE:HMC) Receives “Buy” Rating from Jefferies Group LLC

Honda Motor Company, Ltd. (NYSE:HMC)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group LLC in a research report issued on Friday, July 14th. They currently have a $33.18 price target on the stock. Jefferies Group LLC’s price objective points to a potential upside of 20.39% from the company’s current price. Jefferies Group also issued estimates for Honda Motor’s Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.93 EPS, FY2019 earnings at $3.49 EPS and FY2020 earnings at $3.81 EPS.

A number of other research firms also recently weighed in on HMC. Zacks Investment Research downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. J P Morgan Chase & Co downgraded shares of Honda Motor from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 5th. BidaskClub downgraded shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Finally, TheStreet raised shares of Honda Motor from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $33.59.

Shares of Honda Motor (NYSE:HMC) opened at 27.56 on Friday. The company’s 50-day moving average is $27.70 and its 200-day moving average is $29.11. Honda Motor has a 12 month low of $27.05 and a 12 month high of $32.17. The stock has a market capitalization of $49.67 billion, a PE ratio of 8.45 and a beta of 1.01.

Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The business had revenue of $3,713 billion during the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $96.93 EPS. Equities research analysts expect that Honda Motor will post $2.76 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in shares of Honda Motor by 107.1% in the fourth quarter. FMR LLC now owns 70,195 shares of the company’s stock valued at $2,049,000 after buying an additional 36,300 shares during the period. A.R.T. Advisors LLC bought a new position in shares of Honda Motor during the fourth quarter valued at $315,000. Two Sigma Investments LP boosted its position in shares of Honda Motor by 513.6% in the fourth quarter. Two Sigma Investments LP now owns 49,782 shares of the company’s stock valued at $1,453,000 after buying an additional 41,669 shares during the period. Dodge & Cox bought a new position in shares of Honda Motor during the fourth quarter valued at $167,584,000. Finally, Manning & Napier Advisors LLC boosted its stake in Honda Motor by 3.4% in the first quarter. Manning & Napier Advisors LLC now owns 163,094 shares of the company’s stock worth $4,935,000 after buying an additional 5,374 shares during the last quarter. Institutional investors and hedge funds own 2.56% of the company’s stock.

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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