Honda Motor Co. (HMC) Sees Large Volume Increase
Honda Motor Co. (NYSE:HMC) saw strong trading volume on Friday . 552,417 shares traded hands during trading, a decline of 5% from the previous session’s volume of 582,042 shares.The stock last traded at $30.93 and had previously closed at $30.78.
Several equities research analysts have commented on the company. Credit Agricole SA lowered Honda Motor from an “outperform” rating to an “underperform” rating in a research note on Friday, May 13th. Bank of America Corp. lowered Honda Motor from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Zacks Investment Research lowered Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 17th. Jefferies Group boosted 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. Finally, Nomura lowered Honda Motor from a “neutral” rating to a “reduce” 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 assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $32.73.
The stock’s 50 day moving average price is $28.85 and its 200-day moving average price is $27.33. The company has a market capitalization of $55.80 billion and a price-to-earnings ratio of 16.77.
Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $96.93 EPS for the quarter, beating the Zacks’ consensus estimate of $74.83 by $22.10. The firm earned $3,471.70 billion during the quarter, compared to analyst estimates of $3,452.87 billion. Honda Motor’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $103.22 EPS. Equities research analysts predict that Honda Motor Co. will post $2.65 EPS for the current fiscal year.
An institutional investor recently raised its position in Honda Motor stock. Ameriprise Financial Inc. boosted its position in shares of Honda Motor Co. (NYSE:HMC) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,071 shares of the company’s stock after buying an additional 5,464 shares during the period. Ameriprise Financial Inc.’s holdings in Honda Motor were worth $1,917,000 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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