Honda Motor Company, Ltd. (NYSE:HMC) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Thursday.
A number of other brokerages also recently issued reports 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. Nomura raised shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. 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. Instinet raised shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $33.18 price objective on shares of Honda Motor in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.59.
Honda Motor (HMC) traded down 0.233% during trading on Thursday, hitting $27.805. 83,624 shares of the company’s stock were exchanged. The company has a market cap of $50.11 billion, a price-to-earnings ratio of 8.527 and a beta of 1.01. Honda Motor has a 52-week low of $27.05 and a 52-week high of $32.17. The firm has a 50 day moving average price of $27.70 and a 200 day moving average price of $29.14.
Honda Motor (NYSE:HMC) last posted its earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The business had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. During the same quarter last year, the firm posted $96.93 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Honda Motor will post $2.76 earnings per share for the current year.
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A number of hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in Honda Motor by 2.6% in the first quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock worth $131,000 after buying an additional 108 shares during the period. TD Asset Management Inc. boosted its stake in Honda Motor by 2.2% in the second quarter. TD Asset Management Inc. now owns 10,750 shares of the company’s stock worth $357,000 after buying an additional 227 shares during the period. Pacad Investment Ltd. boosted its stake in Honda Motor by 6.3% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after buying an additional 300 shares during the period. Neuberger Berman Group LLC boosted its stake in Honda Motor by 1.1% in the second quarter. Neuberger Berman Group LLC now owns 29,777 shares of the company’s stock worth $816,000 after buying an additional 338 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Honda Motor by 7.3% in the second quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock worth $152,000 after buying an additional 377 shares during the period. Institutional investors 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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