Honda Motor Co. (HMC) Shares Gap Up to $30.23
Honda Motor Co. (NYSE:HMC) shares gapped up before the market opened on Monday . The stock had previously closed at $30.15, but opened at $30.23. Honda Motor shares last traded at $30.68, with a volume of 255,372 shares traded.
A number of research analysts recently commented on the company. Jefferies Group upped their price objective on Honda Motor from $33.04 to $34.55 and gave the stock a “buy” rating in a research note on Friday, May 13th. Zacks Investment Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Credit Agricole SA downgraded Honda Motor from an “outperform” rating to an “underperform” rating in a research note on Friday, May 13th. Nomura downgraded Honda Motor from a “neutral” rating to a “reduce” rating in a research note on Friday, May 13th. Finally, TheStreet upgraded Honda Motor from a “hold” rating to a “buy” rating in a research note on Friday, August 12th. 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. The company presently has an average rating of “Hold” and a consensus target price of $32.73.
The stock has a 50-day moving average of $28.31 and a 200-day moving average of $27.21. The firm has a market capitalization of $55.19 billion and a P/E ratio of 16.59.
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, beating the Zacks’ consensus estimate of $74.83 by $22.10. The company had revenue of $3,471.70 billion for the quarter, compared to the consensus estimate of $3,452.87 billion. During the same quarter last year, the company earned $103.22 EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. Equities analysts expect that Honda Motor Co. will post $2.65 EPS for the current year.
An institutional investor recently raised its position 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 13F filing with the Securities and Exchange Commission. 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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