Honda Motor Co. (HMC) Shares Gap Up to $28.32
Honda Motor Co. (NYSE:HMC) gapped up before the market opened on Thursday . The stock had previously closed at $28.05, but opened at $28.32. Honda Motor shares last traded at $28.73, with a volume of 437,003 shares traded.
A number of brokerages have recently issued reports on HMC. Zacks Investment Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday. Bank of America Corp. cut Honda Motor from a “buy” rating to a “neutral” rating in a report on Tuesday, May 31st. Credit Agricole SA cut Honda Motor from an “outperform” rating to an “underperform” rating in a research note on Friday, May 13th. Nomura cut Honda Motor from a “neutral” rating to a “reduce” rating in a research note on Friday, May 13th. Finally, Jefferies Group boosted their price target on Honda Motor from $33.04 to $34.55 and gave the company a “buy” rating in a research note on Friday, May 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.73.
The stock has a market capitalization of $51.89 billion and a price-to-earnings ratio of 15.78. The company’s 50-day moving average is $26.25 and its 200 day moving average is $26.87.
Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $96.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $74.83 by $22.10. The firm earned $3,471.70 billion during the quarter, compared to analysts’ expectations of $3,452.87 billion. During the same quarter last year, the business posted $103.22 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. Analysts anticipate that Honda Motor Co. will post $2.42 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake in 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. Stephens Inc. AR raised 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 period. Finally, Morgan Stanley raised its stake in 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.
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.