Honda Motor Co. (HMC) Shares Gap Down to $26.99
Honda Motor Co. (NYSE:HMC) gapped down before the market opened on Friday . The stock had previously closed at $26.92, but opened at $26.99. Honda Motor shares last traded at $27.17, with a volume of 496,831 shares traded.
HMC has been the subject of a number of recent analyst reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Honda Motor in a research report on Monday, April 18th. Zacks Investment Research cut Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 26th. Erste Group cut Honda Motor from a “hold” rating to a “sell” rating in a research report on Monday, April 25th. Nomura lowered Honda Motor from a “neutral” rating to a “reduce” rating in a report on Friday, May 13th. Finally, Jefferies Group upped their price target on Honda Motor from $33.04 to $34.55 and gave the stock a “buy” rating in a report on Friday, May 13th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Honda Motor currently has a consensus rating of “Hold” and a consensus target price of $32.73.
The firm has a market capitalization of $48.88 billion and a P/E ratio of 14.98. The company has a 50-day moving average price of $26.01 and a 200 day moving average price of $26.91.
Honda Motor (NYSE:HMC) last released its quarterly earnings results on Friday, May 13th. The company reported ($0.48) EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.97. During the same quarter in the prior year, the company posted $54.30 earnings per share. The firm earned $3,657 billion during the quarter, compared to the consensus estimate of $127.48 billion. Equities research analysts anticipate that Honda Motor Co. will post $2.31 EPS for the current year.
A number of large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Honda Motor by 64.9% in the fourth quarter. Bank of Montreal Can now owns 37,941 shares of the company’s stock worth $1,213,000 after buying an additional 14,933 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Honda Motor by 0.6% in the fourth quarter. Stephens Inc. AR now owns 68,113 shares of the company’s stock worth $2,175,000 after buying an additional 439 shares in the last quarter. Comerica Bank raised its stake in shares of Honda Motor by 3.3% in the fourth quarter. Comerica Bank now owns 99,360 shares of the company’s stock worth $2,870,000 after buying an additional 3,160 shares in the last quarter. Finally, Morgan Stanley raised its stake in shares of Honda Motor by 17.5% in the fourth quarter. Morgan Stanley now owns 1,060,244 shares of the company’s stock worth $33,854,000 after buying an additional 157,952 shares in the last 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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