Analysts Set Honda Motor Co Ltd (HMC) Price Target at $36.50

Shares of Honda Motor Co Ltd (NYSE:HMC) have received a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $36.50.

A number of equities research analysts have weighed in on HMC shares. Zacks Investment Research upgraded Honda Motor from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, November 21st. ValuEngine lowered Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Friday, November 2nd.

Shares of NYSE:HMC traded up $0.54 during mid-day trading on Friday, hitting $28.71. 27,045 shares of the company traded hands, compared to its average volume of 707,900. The company has a market cap of $51.03 billion, a P/E ratio of 7.92, a PEG ratio of 2.67 and a beta of 0.95. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.94 and a current ratio of 1.22. Honda Motor has a 52-week low of $26.04 and a 52-week high of $37.29.

Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, October 30th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.79 by $0.28. The business had revenue of $34.46 billion for the quarter, compared to the consensus estimate of $34.59 billion. Honda Motor had a return on equity of 9.17% and a net margin of 7.29%. Analysts predict that Honda Motor will post 3.64 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of HMC. First Republic Investment Management Inc. grew its position in shares of Honda Motor by 2.4% in the 2nd quarter. First Republic Investment Management Inc. now owns 73,996 shares of the company’s stock worth $2,166,000 after acquiring an additional 1,766 shares in the last quarter. Earnest Partners LLC grew its position in shares of Honda Motor by 2.1% in the 2nd quarter. Earnest Partners LLC now owns 96,011 shares of the company’s stock worth $2,810,000 after acquiring an additional 1,935 shares in the last quarter. HPM Partners LLC grew its position in shares of Honda Motor by 7.0% in the 3rd quarter. HPM Partners LLC now owns 30,387 shares of the company’s stock worth $914,000 after acquiring an additional 1,976 shares in the last quarter. Brown Advisory Inc. grew its position in shares of Honda Motor by 23.1% in the 3rd quarter. Brown Advisory Inc. now owns 10,862 shares of the company’s stock worth $327,000 after acquiring an additional 2,036 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Honda Motor by 1.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 191,431 shares of the company’s stock worth $5,602,000 after acquiring an additional 2,185 shares in the last quarter. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Honda Motor Company Profile

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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Analyst Recommendations for Honda Motor (NYSE:HMC)

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