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 mid-day 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 recently weighed in on the stock. Credit Agricole SA downgraded shares of Honda Motor from an “outperform” rating to an “underperform” rating in a research note on Friday, May 13th. Bank of America Corp. downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 31st. Zacks Investment Research downgraded shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 17th. Jefferies Group raised their price target on shares of 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 downgraded shares of Honda Motor from a “neutral” rating to a “reduce” rating in a research note on Friday, May 13th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.73.
The firm has a market cap of $55.80 billion and a P/E ratio of 16.84. The stock has a 50-day moving average of $28.85 and a 200 day moving average of $27.33.
Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, August 2nd. The company reported $96.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $74.83 by $22.10. During the same period last year, the firm earned $103.22 EPS. The business had revenue of $3,471.70 billion for the quarter, compared to analyst estimates of $3,452.87 billion. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Honda Motor Co. will post $2.64 earnings per share for the current year.
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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