Honda Motor Co. (NYSE:HMC)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $24.03 and last traded at $24.36, with a volume of 817,501 shares. The stock had previously closed at $24.85.

Several research firms have commented on HMC. Bank of America Corp. cut shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Zacks Investment Research lowered shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 17th. Credit Agricole SA lowered shares of Honda Motor from an “outperform” rating to an “underperform” rating in a research note on Friday, May 13th. Nomura Holdings Inc. lowered shares of Honda Motor from a “neutral” rating to a “reduce” rating in a research note on Friday, May 13th. Finally, Jefferies Group raised their price target on shares of Honda Motor from $33.04 to $34.55 and gave the stock a “buy” rating in a research note on Friday, May 13th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Honda Motor currently has an average rating of “Hold” and a consensus price target of $32.73.

The firm has a market capitalization of $44.30 billion and a price-to-earnings ratio of 13.26. The firm’s 50-day moving average price is $26.31 and its 200-day moving average price is $27.40.

Honda Motor (NYSE:HMC) last released its earnings results on Friday, May 13th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.97. The firm had revenue of $3,657 billion for the quarter, compared to analysts’ expectations of $127.48 billion. During the same period in the previous year, the business earned $54.30 EPS. Equities research analysts predict that Honda Motor Co. will post $2.53 earnings per share for the current fiscal year.

Other large investors recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of Honda Motor by 40.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 226,081 shares of the company’s stock worth $7,219,000 after buying an additional 64,840 shares during the last quarter. Comerica Bank raised its stake in shares of Honda Motor by 3.3% in the fourth quarter. Comerica Bank now owns 99,360 shares of the company’s stock worth $2,870,000 after buying an additional 3,160 shares during the last quarter. Community Financial Services Group LLC raised its stake in shares of Honda Motor by 3.2% in the fourth quarter. Community Financial Services Group LLC now owns 121,448 shares of the company’s stock worth $3,878,000 after buying an additional 3,713 shares during the last quarter. Morgan Stanley raised its stake in shares of Honda Motor by 17.5% in the fourth quarter. Morgan Stanley now owns 1,060,244 shares of the company’s stock worth $33,854,000 after buying an additional 157,952 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Honda Motor by 64.9% in the fourth quarter. Bank of Montreal Can now owns 37,941 shares of the company’s stock worth $1,213,000 after buying an additional 14,933 shares during the last quarter.

Honda Motor Co, Ltd. (Honda), develops, produces and manufactures a range of motor products, ranging from small general-purpose engines and scooters to specialty sports cars. The Company has four segments: motorcycle business, automobile business, financial services business, and power product and other businesses.

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