Honda Motor Co. (HMC) Sees Unusually-High Trading Volume
Honda Motor Co. (NYSE:HMC) shares saw strong trading volume on Friday . 670,400 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 674,582 shares.The stock last traded at $30.48 and had previously closed at $29.97.
Several analysts have recently commented on the company. Erste Group downgraded Honda Motor from a “hold” rating to a “sell” rating in a research note on Monday, April 25th. Credit Agricole SA downgraded Honda Motor from an “outperform” rating to an “underperform” rating in a research note on Friday, May 13th. Bank of America Corp. downgraded Honda Motor from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Zacks Investment Research downgraded Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 17th. Finally, Jefferies Group raised their target price on Honda Motor from $33.04 to $34.55 and gave the company a “buy” rating in a research note on Friday, May 13th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.73.
The company has a market capitalization of $55.20 billion and a price-to-earnings ratio of 16.78. The stock’s 50-day moving average price is $27.42 and its 200-day moving average price is $27.00.
Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $96.93 earnings per share for the quarter, topping the consensus estimate of $74.83 by $22.10. The business earned $3,471.70 billion during the quarter, compared to the consensus estimate of $3,452.87 billion. During the same period in the prior year, the firm earned $103.22 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Analysts expect that Honda Motor Co. will post $2.63 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Honda Motor stock. Stephens Inc. AR raised its stake in Honda Motor Co. (NYSE:HMC) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,113 shares of the company’s stock after buying an additional 439 shares during the period. Stephens Inc. AR’s holdings in Honda Motor were worth $2,175,000 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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