Honda Motor Co. (NYSE:HMC) shares saw strong trading volume on Friday . 590,950 shares were traded during mid-day 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.

A number of equities analysts have recently weighed in on the stock. Credit Agricole SA lowered shares of Honda Motor from an “outperform” rating to an “underperform” rating in a research report on Friday, May 13th. Bank of America Corp. lowered shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Zacks Investment Research lowered shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 17th. Jefferies Group boosted their price objective on shares of Honda Motor from $33.04 to $34.55 and gave the company a “buy” rating in a research report on Friday, May 13th. Finally, Nomura lowered shares of Honda Motor from a “neutral” rating to a “reduce” rating in a research report on Friday, May 13th. Three equities 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 company. The stock presently has an average rating of “Hold” and an average target price of $32.73.

The stock has a market capitalization of $54.48 billion and a price-to-earnings ratio of 16.38. The firm’s 50-day moving average price is $28.16 and its 200-day moving average price is $27.14.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 EPS for the quarter, topping the consensus estimate of $74.83 by $22.10. The firm had revenue of $3,471.70 billion for the quarter, compared to the consensus estimate of $3,452.87 billion. During the same quarter in the prior year, the company posted $103.22 EPS. The firm’s revenue was down 6.3% on a year-over-year basis. On average, equities research analysts forecast that Honda Motor Co. will post $2.65 EPS for the current year.

A hedge fund recently raised its stake in Honda Motor stock. Bank of Montreal Can increased its position in shares of Honda Motor Co. (NYSE:HMC) by 64.9% during the fourth quarter, according to its most recent Form 13F 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 at the end of the most recent 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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