Honda Motor Co Ltd (NYSE:HMC) has earned an average rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company.
A number of research analysts have recently issued reports on HMC shares. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. ValuEngine raised Honda Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. TheStreet cut Honda Motor from a “b” rating to a “c+” rating in a research note on Wednesday, May 8th. Finally, Nomura raised Honda Motor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 19th.
Shares of NYSE:HMC traded up $0.09 on Friday, reaching $25.71. 292,876 shares of the company traded hands, compared to its average volume of 524,935. Honda Motor has a 52 week low of $25.30 and a 52 week high of $33.31. The stock has a market capitalization of $45.20 billion, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 0.94 and a beta of 0.94. The company has a current ratio of 1.23, a quick ratio of 0.95 and a debt-to-equity ratio of 0.47.
Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.60). Honda Motor had a net margin of 3.92% and a return on equity of 6.97%. The company had revenue of $4,049.10 billion for the quarter, compared to the consensus estimate of $4,011.69 billion. During the same period last year, the business posted $60.59 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that Honda Motor will post 3.75 EPS for the current year.
Several large investors have recently made changes to their positions in HMC. Bank of America Corp DE grew its stake in shares of Honda Motor by 37.7% during the fourth quarter. Bank of America Corp DE now owns 1,617,874 shares of the company’s stock valued at $42,793,000 after buying an additional 443,135 shares during the last quarter. Equity Investment Corp grew its stake in shares of Honda Motor by 17.7% in the first quarter. Equity Investment Corp now owns 2,329,659 shares of the company’s stock worth $63,297,000 after purchasing an additional 349,614 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Honda Motor by 25.8% in the first quarter. Renaissance Technologies LLC now owns 1,620,500 shares of the company’s stock worth $44,029,000 after purchasing an additional 332,100 shares during the last quarter. Brandes Investment Partners LP grew its stake in shares of Honda Motor by 8.9% in the first quarter. Brandes Investment Partners LP now owns 1,716,893 shares of the company’s stock worth $46,648,000 after purchasing an additional 140,063 shares during the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Honda Motor in the fourth quarter worth about $3,494,000. 2.10% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading: Federal Reserve
Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.