Honda Motor Co. (HMC) Sees Large Volume Increase
Honda Motor Co. (NYSE:HMC) saw unusually-strong trading volume on Friday . Approximately 590,950 shares traded hands during trading, a decline of 7% from the previous session’s volume of 636,319 shares.The stock last traded at $30.09 and had previously closed at $30.62.
Several equities research analysts recently weighed in on HMC shares. Zacks Investment Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, August 1st. TheStreet upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Nomura cut Honda Motor from a “neutral” rating to a “reduce” rating in a report on Friday, May 13th. Jefferies Group increased their price objective on Honda Motor from $33.04 to $34.55 and gave the stock a “buy” rating in a report on Friday, May 13th. Finally, Credit Agricole SA cut Honda Motor from an “outperform” rating to an “underperform” rating in a report on Friday, May 13th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Honda Motor presently has a consensus rating of “Hold” and an average target price of $32.73.
The stock has a market capitalization of $54.48 billion and a PE ratio of 16.38. The stock has a 50-day moving average of $28.16 and a 200 day moving average of $27.14.
Honda Motor (NYSE:HMC) last issued its earnings results on Tuesday, August 2nd. The company reported $96.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $74.83 by $22.10. During the same period last year, the firm posted $103.22 earnings per share. The firm earned $3,471.70 billion during the quarter, compared to the consensus estimate 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 expect that Honda Motor Co. will post $2.63 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Honda Motor stock. Bank of Montreal Can boosted its stake in Honda Motor Co. (NYSE:HMC) by 64.9% during the fourth quarter, according to its most recent 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 as of its most recent SEC filing.
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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