Honda Motor Co., Ltd. (NYSE:HMC) Given Average Recommendation of “Reduce” by Brokerages

Honda Motor Co., Ltd. (NYSE:HMC) has been assigned a consensus rating of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $25.00.

A number of research analysts recently issued reports on the stock. Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Wall Street Zen cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Zacks Research cut shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Weiss Ratings cut shares of Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, April 16th. Finally, BNP Paribas Exane assumed coverage on shares of Honda Motor in a research note on Thursday, February 12th. They issued an “underperform” rating and a $25.00 price objective on the stock.

Honda Motor Stock Up 0.1%

NYSE HMC opened at $24.53 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. Honda Motor has a 1-year low of $23.25 and a 1-year high of $34.89. The company has a 50 day moving average of $25.42 and a 200-day moving average of $28.66. The company has a market cap of $38.28 billion, a price-to-earnings ratio of 9.77 and a beta of 0.41.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.24. The business had revenue of $29.99 billion for the quarter, compared to analysts’ expectations of $33.34 billion. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. On average, equities research analysts expect that Honda Motor will post -2.61 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HMC. Auto Owners Insurance Co increased its stake in Honda Motor by 5,004.4% in the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock valued at $25,303,000 after acquiring an additional 8,414,952 shares during the last quarter. Mondrian Investment Partners LTD bought a new stake in shares of Honda Motor during the third quarter worth $136,637,000. Bank of America Corp DE grew its stake in shares of Honda Motor by 34.8% during the third quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock worth $129,369,000 after buying an additional 1,083,245 shares during the last quarter. Donald Smith & CO. Inc. grew its stake in shares of Honda Motor by 28.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after buying an additional 590,128 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Honda Motor during the second quarter worth $12,987,000. 5.32% of the stock is owned by institutional investors.

About Honda Motor

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.