Honda Motor Co. (HMC) Stock Price Up 1.6%
Honda Motor Co. (NYSE:HMC) rose 1.6% during mid-day trading on Wednesday . The stock traded as high as $29.83 and last traded at $29.74, with a volume of 330,326 shares traded. The stock had previously closed at $29.28.
HMC has been the topic of several recent analyst reports. Jefferies Group increased their target price on shares of Honda Motor from $33.04 to $34.55 and gave the stock a “buy” rating in a research note on Friday, May 13th. TheStreet raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, August 1st. Bank of America Corp. lowered shares of Honda Motor from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Nomura lowered shares of Honda Motor from a “neutral” rating to a “reduce” 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 four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $32.73.
The company has a market cap of $54.01 billion and a PE ratio of 16.40. The firm’s 50-day moving average price is $27.27 and its 200 day moving average price is $26.98.
Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $96.93 EPS for the quarter, beating analysts’ consensus estimates of $74.83 by $22.10. During the same quarter in the prior year, the firm posted $103.22 earnings per share. The business earned $3,471.70 billion during the quarter, compared to analyst estimates of $3,452.87 billion. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Honda Motor Co. will post $2.63 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have bought and sold shares of HMC. Bank of Montreal Can raised 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 in the last quarter. Stephens Inc. AR raised 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 in the last quarter. Finally, Morgan Stanley raised 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 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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