Honda Motor Co Ltd (HMC) Receives Average Recommendation of “Buy” from Analysts

Honda Motor Co Ltd (NYSE:HMC) has earned a consensus rating of “Buy” from the eleven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $41.00.

A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Honda Motor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. upgraded Honda Motor from a “neutral” rating to an “overweight” rating in a research report on Thursday, February 15th. Jefferies Group set a $43.00 price objective on Honda Motor and gave the company a “buy” rating in a research report on Thursday, March 1st. ValuEngine upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 7th. Finally, Credit Suisse Group upgraded Honda Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 20th.

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Shares of Honda Motor stock opened at $32.91 on Friday. Honda Motor has a 52-week low of $27.05 and a 52-week high of $37.29. The company has a market capitalization of $61,479.86, a price-to-earnings ratio of 6.34, a PEG ratio of 1.22 and a beta of 1.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.25.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Friday, February 2nd. The company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.33. Honda Motor had a return on equity of 8.71% and a net margin of 6.88%. The company had revenue of $3,957.12 billion during the quarter, compared to the consensus estimate of $3,725.76 billion. During the same quarter in the prior year, the firm earned $93.67 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. sell-side analysts forecast that Honda Motor will post 5.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Thursday, December 28th were issued a $0.186 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.26%. Honda Motor’s payout ratio is currently 14.45%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMC. Opus Capital Group LLC purchased a new stake in shares of Honda Motor in the fourth quarter valued at $205,000. Eagle Asset Management Inc. purchased a new stake in shares of Honda Motor in the third quarter valued at $208,000. Advisory Services Network LLC lifted its holdings in shares of Honda Motor by 3,178.2% in the fourth quarter. Advisory Services Network LLC now owns 6,163 shares of the company’s stock valued at $210,000 after purchasing an additional 5,975 shares in the last quarter. River Road Asset Management LLC purchased a new stake in shares of Honda Motor in the fourth quarter valued at $216,000. Finally, American Trust Investment Advisors LLC purchased a new stake in shares of Honda Motor in the fourth quarter valued at $223,000. Institutional investors own 2.12% of the company’s stock.

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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.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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