Shares of Honda Motor Co. (NYSE:HMC) gapped up prior to trading on Monday . The stock had previously closed at $30.46, but opened at $30.63. Honda Motor shares last traded at $30.89, with a volume of 659,765 shares trading hands.

Several analysts have recently weighed in on HMC shares. Jefferies Group increased their price target on shares of Honda Motor from $33.04 to $34.55 and gave the company 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. cut shares of Honda Motor from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Finally, Nomura cut shares of Honda Motor from a “neutral” rating to a “reduce” rating in a research note on Friday, May 13th. Three 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. Honda Motor currently has a consensus rating of “Hold” and an average target price of $32.73.

The company has a market capitalization of $55.82 billion and a PE ratio of 16.97. The firm has a 50-day moving average price of $27.59 and a 200-day moving average price of $27.02.

Honda Motor (NYSE:HMC) last announced its earnings results 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 business had revenue of $3,471.70 billion for the quarter, compared to analyst estimates of $3,452.87 billion. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $103.22 EPS. Equities analysts expect that Honda Motor Co. will post $2.63 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Honda Motor stock. Bank of Montreal Can raised its position in Honda Motor Co. (NYSE:HMC) by 64.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,941 shares of the company’s stock after buying an additional 14,933 shares during the period. Bank of Montreal Can’s holdings in Honda Motor were worth $1,213,000 at the end of the most recent reporting 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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