Honda Motor Co. (HMC) Shares Gap Down to $30.62
Honda Motor Co. (NYSE:HMC)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $30.51, but opened at $30.62. Honda Motor shares last traded at $30.89, with a volume of 313,711 shares trading hands.
Several equities analysts have commented on the stock. 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. Credit Agricole SA lowered shares of Honda Motor from an “outperform” rating to an “underperform” rating in a research report on Friday, May 13th. Zacks Investment Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Jefferies Group increased 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 investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $32.73.
The company has a market cap of $55.69 billion and a P/E ratio of 16.74. The company has a 50-day moving average of $28.45 and a 200-day moving average of $27.25.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 earnings per share for the quarter, beating the consensus estimate of $74.83 by $22.10. The firm had revenue of $3,471.70 billion for the quarter, compared to analyst estimates of $3,452.87 billion. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $103.22 EPS. On average, analysts forecast that Honda Motor Co. will post $2.65 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Honda Motor stock. Bank of Montreal Can increased its stake 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 (SEC). The institutional investor 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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