Analysts Set Honda Motor Co Ltd (HMC) PT at $42.00

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Shares of Honda Motor Co Ltd (NYSE:HMC) have received a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.00.

A number of brokerages have issued reports on HMC. Zacks Investment Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a report on Wednesday, October 10th. Nomura lowered shares of Honda Motor from a “buy” rating to a “neutral” rating in a report on Monday, July 16th. Finally, ValuEngine raised shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st.

A number of institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. lifted its position in shares of Honda Motor by 3,658.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 1,127,068 shares of the company’s stock worth $1,067,000 after purchasing an additional 1,097,080 shares during the period. American Century Companies Inc. lifted its position in shares of Honda Motor by 8.8% in the 3rd quarter. American Century Companies Inc. now owns 5,192,448 shares of the company’s stock worth $156,189,000 after purchasing an additional 421,005 shares during the period. Federated Investors Inc. PA lifted its position in shares of Honda Motor by 249,459.5% in the 2nd quarter. Federated Investors Inc. PA now owns 301,967 shares of the company’s stock worth $8,839,000 after purchasing an additional 301,846 shares during the period. Renaissance Technologies LLC lifted its position in shares of Honda Motor by 26.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,285,036 shares of the company’s stock worth $37,613,000 after purchasing an additional 271,936 shares during the period. Finally, Aperio Group LLC lifted its position in shares of Honda Motor by 16.2% in the 3rd quarter. Aperio Group LLC now owns 1,662,045 shares of the company’s stock worth $49,994,000 after purchasing an additional 231,580 shares during the period. 2.09% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor stock traded up $0.04 during trading hours on Monday, reaching $28.50. The stock had a trading volume of 691,155 shares, compared to its average volume of 1,059,682. The firm has a market cap of $52.33 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 2.75 and a beta of 0.97. Honda Motor has a 52 week low of $26.04 and a 52 week high of $37.29. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.48.

About Honda Motor

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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