Honda Motor Co. (HMC) Sees Unusually-High Trading Volume
Honda Motor Co. (NYSE:HMC) shares saw unusually-strong trading volume on Friday . Approximately 670,400 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 674,582 shares.The stock last traded at $30.48 and had previously closed at $29.97.
Several equities analysts have recently commented on HMC shares. 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. TheStreet upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Zacks Investment Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, August 1st. 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. Finally, Nomura cut shares of Honda Motor from a “neutral” rating to a “reduce” rating in a research report on Friday, May 13th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Honda Motor presently has a consensus rating of “Hold” and an average price target of $32.73.
The company has a market capitalization of $55.20 billion and a price-to-earnings ratio of 16.77. The stock has a 50-day moving average price of $27.42 and a 200-day moving average price of $27.00.
Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $96.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $74.83 by $22.10. The company had revenue of $3,471.70 billion for the quarter, compared to analysts’ expectations of $3,452.87 billion. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $103.22 EPS. On average, equities analysts anticipate that Honda Motor Co. will post $2.63 earnings per share for the current year.
A number of institutional investors have modified their holdings of HMC. Morgan Stanley raised its position 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 worth $33,854,000 after buying an additional 157,952 shares in the last quarter. Bank of Montreal Can raised its position 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 worth $1,213,000 after buying an additional 14,933 shares in the last quarter. Finally, Stephens Inc. AR raised its position 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 worth $2,175,000 after buying an additional 439 shares in the last quarter.
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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