Honda Motor Co. (NYSE:HMC) gapped up prior to trading on Thursday . The stock had previously closed at $26.24, but opened at $26.58. Honda Motor shares last traded at $26.91, with a volume of 468,389 shares trading hands.

A number of equities research analysts have recently issued reports on the stock. Jefferies Group boosted their target price on shares of Honda Motor from $33.04 to $34.55 and gave the company a “buy” rating in a research report on Friday, May 13th. Zacks Investment Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Credit Agricole SA cut shares of Honda Motor from an “outperform” rating to an “underperform” rating in a research report on Friday, May 13th. Nomura Holdings Inc. cut shares of Honda Motor from a “neutral” rating to a “reduce” rating in a research report on Friday, May 13th. Finally, 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. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $32.73.

The stock has a market capitalization of $48.50 billion and a price-to-earnings ratio of 14.82. The firm has a 50 day moving average of $26.04 and a 200-day moving average of $27.04.

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

Several large investors have made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake 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 valued at $22,439,000 after buying an additional 15,381 shares in the last quarter. Stephens Inc. AR raised its stake 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 valued at $2,175,000 after buying an additional 439 shares during the period. 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 valued at $1,213,000 after buying an additional 14,933 shares during the period. 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 valued at $33,854,000 after buying an additional 157,952 shares during the period. Finally, 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 valued at $2,870,000 after buying an additional 3,160 shares during the period.

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

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