Honda Motor Co., Ltd. (NYSE:HMC) Receives Average Recommendation of “Hold” from Analysts

Honda Motor Co., Ltd. (NYSE:HMC) has received a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company.

A number of brokerages recently commented on HMC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. Nomura Securities raised shares of Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Zacks Research upgraded shares of Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. WealthCollab LLC raised its holdings in shares of Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Honda Motor during the third quarter worth about $26,000. Hazlett Burt & Watson Inc. grew its position in Honda Motor by 1,105.1% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock worth $27,000 after purchasing an additional 873 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Honda Motor in the 2nd quarter valued at about $29,000. Finally, NewSquare Capital LLC increased its stake in Honda Motor by 99.8% in the 2nd quarter. NewSquare Capital LLC now owns 1,065 shares of the company’s stock valued at $31,000 after buying an additional 532 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Performance

Shares of Honda Motor stock opened at $29.80 on Tuesday. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $29.93 and a two-hundred day moving average price of $31.29. Honda Motor has a 1-year low of $24.56 and a 1-year high of $34.89. The company has a market cap of $46.51 billion, a P/E ratio of 9.74, a PEG ratio of 1.17 and a beta of 0.38.

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

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.