Honda Motor Co. (HMC) Trading Up 1.6%
Honda Motor Co. (NYSE:HMC) was up 1.6% on Wednesday . The stock traded as high as $29.83 and last traded at $29.74, with a volume of 330,326 shares changing hands. The stock had previously closed at $29.28.
Several equities research analysts have recently weighed in on HMC shares. Jefferies Group upped their price objective on Honda Motor from $33.04 to $34.55 and gave the company a “buy” rating in a research note on Friday, May 13th. TheStreet upgraded Honda Motor from a “hold” rating to a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, August 1st. Bank of America Corp. lowered Honda Motor from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Nomura lowered Honda Motor from a “neutral” rating to a “reduce” rating in a research note on Friday, May 13th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.73.
The company has a 50 day moving average price of $27.01 and a 200-day moving average price of $26.93. The firm has a market cap of $53.85 billion and a price-to-earnings ratio of 16.35.
Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 EPS for the quarter, topping analysts’ consensus estimates of $74.83 by $22.10. During the same quarter in the previous year, the business posted $103.22 EPS. The business had revenue of $3,471.70 billion for the quarter, compared to the consensus estimate of $3,452.87 billion. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities research analysts anticipate that Honda Motor Co. will post $2.63 earnings per share for the current year.
A number of large investors recently modified their holdings of the company. Morgan Stanley increased 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. Stephens Inc. AR increased 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. Finally, Bank of Montreal Can increased 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.
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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