Honda Motor Co., Ltd. (NYSE:HMC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.

Several research analysts have recently commented on HMC shares. Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honda Motor in a research report on Monday, December 1st. Finally, Nomura Securities upgraded Honda Motor to a “strong-buy” rating in a report on Tuesday, December 9th.

Honda Motor Stock Up 0.3%

HMC opened at $30.90 on Friday. The firm has a market cap of $48.23 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.24 and a beta of 0.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.41. The firm’s 50-day simple moving average is $30.38 and its 200-day simple moving average is $31.25. Honda Motor has a twelve month low of $23.41 and a twelve month high of $34.89.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Friday, November 7th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The firm had revenue of $34.71 billion during the quarter, compared to analyst estimates of $35.95 billion. Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. Equities research analysts anticipate that Honda Motor will post 3.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its position in shares of Honda Motor by 2.0% during the third quarter. Fisher Asset Management LLC now owns 10,572,505 shares of the company’s stock worth $325,633,000 after purchasing an additional 205,016 shares in the last quarter. Mondrian Investment Partners LTD acquired a new position in Honda Motor during the 3rd quarter worth $136,637,000. Bank of America Corp DE boosted its position in Honda Motor by 34.8% in the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock valued at $129,369,000 after buying an additional 1,083,245 shares during the last quarter. Equity Investment Corp boosted its position in Honda Motor by 1.4% in the 3rd quarter. Equity Investment Corp now owns 2,274,239 shares of the company’s stock valued at $70,047,000 after buying an additional 30,712 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Honda Motor by 1.0% in the 1st quarter. Northern Trust Corp now owns 1,110,812 shares of the company’s stock valued at $30,136,000 after buying an additional 11,114 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.