Honda Motor Co. (HMC) Shares Gap Up to $26.96
Honda Motor Co. (NYSE:HMC) shares gapped up before the market opened on Wednesday . The stock had previously closed at $26.80, but opened at $26.96. Honda Motor shares last traded at $27.18, with a volume of 435,011 shares.
A number of research analysts recently weighed in on HMC shares. Zacks Investment Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Nomura lowered Honda Motor from a “neutral” rating to a “reduce” rating in a report on Friday, May 13th. Jefferies Group boosted their price objective on Honda Motor from $33.04 to $34.55 and gave the stock a “buy” rating in a report on Friday, May 13th. Vetr lowered Honda Motor from a “strong-buy” rating to a “buy” rating and set a $30.64 price objective for the company. in a report on Tuesday, March 29th. Finally, Bank of America Corp. lowered Honda Motor from a “buy” rating to a “neutral” rating in a report on Tuesday, May 31st. 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 stock. Honda Motor currently has an average rating of “Hold” and a consensus target price of $32.73.
The firm has a market capitalization of $48.91 billion and a P/E ratio of 15.03. The stock’s 50-day moving average is $26.01 and its 200-day moving average is $26.93.
Honda Motor (NYSE:HMC) last posted 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. During the same quarter in the previous year, the firm earned $54.30 earnings per share. The company earned $3,657 billion during the quarter, compared to the consensus estimate of $127.48 billion. On average, equities research analysts anticipate that Honda Motor Co. will post $2.32 EPS for the current year.
Several hedge funds have bought and sold shares of the company. Stephens Inc. AR boosted its stake in 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 last quarter. 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.