Honda Motor Co. (NYSE:HMC) shares shot up 2.5% during mid-day trading on Friday . The company traded as high as $26.64 and last traded at $26.59, with a volume of 629,714 shares changing hands. The stock had previously closed at $25.93.

A number of brokerages have recently issued reports on HMC. Erste Group downgraded Honda Motor from a “hold” rating to a “sell” rating in a report on Monday, April 25th. Credit Agricole SA downgraded Honda Motor from an “outperform” rating to an “underperform” rating in a report on Friday, May 13th. Jefferies Group upped their price target on Honda Motor from $33.04 to $34.55 and gave the company a “buy” rating in a report on Friday, May 13th. Nomura Holdings Inc. downgraded Honda Motor from a “neutral” rating to a “reduce” rating in a report on Friday, May 13th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Honda Motor in a report on Monday, April 18th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.73.

The stock has a market cap of $47.71 billion and a P/E ratio of 14.20. The firm’s 50-day moving average price is $26.11 and its 200-day moving average price is $27.16.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, May 13th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.97. The firm earned $3,657 billion during the quarter, compared to analyst estimates of $127.48 billion. During the same quarter in the previous year, the company earned $54.30 EPS. On average, analysts forecast that Honda Motor Co. will post $2.34 EPS for the current year.

Several hedge funds and institutional investors recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Honda Motor by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 702,771 shares of the company’s stock worth $22,439,000 after buying an additional 15,381 shares in the last quarter. Stephens Inc. AR increased its position in shares of Honda Motor by 0.6% in the fourth quarter. Stephens Inc. AR now owns 68,113 shares of the company’s stock worth $2,175,000 after buying an additional 439 shares in the last quarter. Bank of Montreal Can increased its position 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 in the last quarter. Morgan Stanley increased its position 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 in the last quarter. Finally, Community Financial Services Group LLC increased its position 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 in 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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