Honda Motor Company, Ltd. (HMC) Given a $35.00 Price Target by Jefferies Group LLC Analysts

Jefferies Group LLC set a $35.00 target price on Honda Motor Company, Ltd. (NYSE:HMC) in a report published on Wednesday morning. The brokerage currently has a buy rating on the stock. Jefferies Group also issued estimates for Honda Motor’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $3.23 EPS, FY2019 earnings at $3.73 EPS and FY2020 earnings at $4.08 EPS.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Honda Motor from a sell rating to a hold rating in a research note on Monday, June 5th. J P Morgan Chase & Co downgraded Honda Motor from an overweight rating to a neutral rating in a research note on Wednesday, July 5th. Nomura upgraded Honda Motor from a reduce rating to a neutral rating in a research note on Tuesday, August 1st. BidaskClub downgraded Honda Motor from a sell rating to a strong sell rating in a research note on Thursday, August 10th. Finally, Instinet upgraded Honda Motor from a reduce rating to a neutral rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $33.50.

Shares of Honda Motor (NYSE HMC) traded down 0.6162% during midday trading on Wednesday, hitting $27.5492. 131,023 shares of the stock were exchanged. The firm’s 50 day moving average price is $27.71 and its 200-day moving average price is $29.04. The stock has a market cap of $49.65 billion, a P/E ratio of 8.4481 and a beta of 1.01. Honda Motor has a 52-week low of $27.05 and a 52-week high of $32.17.

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

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Hedge funds and other institutional investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its stake 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. TD Asset Management Inc. boosted its stake in shares of Honda Motor by 2.2% in the second quarter. TD Asset Management Inc. now owns 10,750 shares of the company’s stock valued at $357,000 after buying an additional 227 shares during the period. Pacad Investment Ltd. boosted its stake in shares of Honda Motor by 6.3% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock valued at $140,000 after buying an additional 300 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Honda Motor by 1.1% in the second quarter. Neuberger Berman Group LLC now owns 29,777 shares of the company’s stock valued at $816,000 after buying an additional 338 shares during the period. Finally, SG Americas Securities LLC boosted its stake in shares of Honda Motor by 7.3% in the second quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock valued at $152,000 after buying an additional 377 shares during the period. 2.63% of the stock is currently owned by institutional investors.

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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