Honda Motor Co Ltd (NYSE:HMC) Given Average Rating of “Hold” by Analysts

Shares of Honda Motor Co Ltd (NYSE:HMC) have been assigned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and two have issued a buy recommendation on the company.

A number of equities analysts recently weighed in on the stock. Deutsche Bank raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Friday, May 10th. TheStreet lowered shares of Honda Motor from a “b” rating to a “c+” rating in a report on Wednesday, May 8th. ValuEngine upgraded shares of Honda Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Nomura upgraded shares of Honda Motor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 19th.

A number of institutional investors have recently added to or reduced their stakes in HMC. Bank of America Corp DE raised its holdings in shares of Honda Motor by 37.7% in the 4th quarter. Bank of America Corp DE now owns 1,617,874 shares of the company’s stock valued at $42,793,000 after purchasing an additional 443,135 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Honda Motor by 13.0% in the 1st quarter. Macquarie Group Ltd. now owns 3,161,993 shares of the company’s stock valued at $85,911,000 after purchasing an additional 364,878 shares in the last quarter. Equity Investment Corp raised its holdings in shares of Honda Motor by 17.7% in the 1st quarter. Equity Investment Corp now owns 2,329,659 shares of the company’s stock valued at $63,297,000 after purchasing an additional 349,614 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Honda Motor by 25.8% in the 1st quarter. Renaissance Technologies LLC now owns 1,620,500 shares of the company’s stock valued at $44,029,000 after purchasing an additional 332,100 shares in the last quarter. Finally, Brandes Investment Partners LP raised its holdings in shares of Honda Motor by 8.9% in the 1st quarter. Brandes Investment Partners LP now owns 1,716,893 shares of the company’s stock valued at $46,648,000 after purchasing an additional 140,063 shares in the last quarter. Institutional investors own 2.08% of the company’s stock.

NYSE:HMC opened at $25.34 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.96. The company has a market cap of $45.06 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.96 and a beta of 0.98. Honda Motor has a fifty-two week low of $24.43 and a fifty-two week high of $31.95.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.60). The company had revenue of $4,049.10 billion for the quarter, compared to analysts’ expectations of $4,011.69 billion. Honda Motor had a return on equity of 6.97% and a net margin of 3.92%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $60.59 EPS. As a group, equities analysts forecast that Honda Motor will post 3.66 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.206 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from Honda Motor’s previous quarterly dividend of $0.20. This represents a $0.82 dividend on an annualized basis and a yield of 3.25%. Honda Motor’s dividend payout ratio is 26.28%.

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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