Honda Motor Co. (NYSE:HMC) shares were down 1.3% during trading on Tuesday . The stock traded as low as $30.56 and last traded at $30.57, with a volume of 275,318 shares. The stock had previously closed at $30.97.

Several research analysts recently commented on HMC shares. Zacks Investment Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. TheStreet raised Honda Motor from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Nomura cut Honda Motor from a “neutral” rating to a “reduce” rating in a research report on Friday, May 13th. Jefferies Group raised their target price on Honda Motor from $33.04 to $34.55 and gave the stock a “buy” rating in a research report on Friday, May 13th. Finally, Bank of America Corp. cut Honda Motor from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $32.73.

The stock has a 50-day moving average of $27.67 and a 200-day moving average of $27.06. The company has a market capitalization of $55.11 billion and a PE ratio of 16.76.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $74.83 by $22.10. The company had revenue of $3,471.70 billion for the quarter, compared to analyst estimates of $3,452.87 billion. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $103.22 EPS. Equities research analysts anticipate that Honda Motor Co. will post $2.63 EPS 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 filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the SEC.

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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