Honda Motor Co. (NYSE:HMC) shares gapped up before the market opened 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 traded.

A number of research analysts have commented on HMC shares. Erste Group cut Honda Motor from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. Vetr cut Honda Motor from a “strong-buy” rating to a “buy” rating and set a $30.64 price objective on the stock. in a research note on Tuesday, March 29th. Goldman Sachs Group Inc. restated a “buy” rating on shares of Honda Motor in a research note on Monday, April 18th. Zacks Investment Research cut Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 17th. Finally, Bank of America Corp. cut Honda Motor from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Honda Motor currently has an average rating of “Hold” and an average target price of $32.73.

The firm has a market cap of $48.34 billion and a price-to-earnings ratio of 14.77. The stock has a 50 day moving average price of $26.03 and a 200 day moving average price of $27.01.

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. The business had revenue of $3,657 billion for the quarter, compared to the consensus estimate of $127.48 billion. During the same quarter in the prior year, the business posted $54.30 earnings per share. On average, equities research analysts predict that Honda Motor Co. will post $2.34 EPS for the current year.

Several institutional investors recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in 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 during the period. Stephens Inc. AR increased its position in 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 during the period. Bank of Montreal Can increased its position in 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 period. Morgan Stanley increased its position in 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 period. Finally, Comerica Bank increased its position in 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 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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