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

A number of research analysts have recently issued reports on the company. Jefferies Group lifted their price target on Honda Motor from $33.04 to $34.55 and gave the company a “buy” rating in a report on Friday, May 13th. Nomura downgraded Honda Motor from a “neutral” rating to a “reduce” rating in a report on Friday, May 13th. Credit Agricole SA downgraded Honda Motor from an “outperform” rating to an “underperform” rating in a report on Friday, May 13th. Zacks Investment Research downgraded Honda Motor from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 17th. Finally, Bank of America Corp. downgraded Honda Motor from a “buy” rating to a “neutral” rating in a report on Tuesday, May 31st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Honda Motor presently has an average rating of “Hold” and a consensus price target of $32.73.

The firm has a 50-day moving average of $27.83 and a 200 day moving average of $27.08. The firm has a market cap of $55.15 billion and a PE ratio of 16.58.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $96.93 earnings per share for the quarter, topping the consensus estimate of $74.83 by $22.10. The business earned $3,471.70 billion during the quarter, compared to analysts’ expectations of $3,452.87 billion. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $103.22 earnings per share. Analysts predict that Honda Motor Co. will post $2.63 earnings per share for the current year.

A hedge fund recently raised its stake in Honda Motor stock. Bank of Montreal Can boosted its position in Honda Motor Co. (NYSE:HMC) by 64.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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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