Honda Motor (NYSE:HMC) Earns Neutral Rating from Analysts at BNP Paribas Exane

BNP Paribas Exane began coverage on shares of Honda Motor (NYSE:HMC) in a research report report published on Friday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $34.00 price objective on the stock.

A number of other research analysts have also commented on the company. Zacks Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of Honda Motor in a research note on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Honda Motor presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Honda Motor Trading Up 0.1%

Shares of HMC opened at $32.23 on Friday. The stock’s 50-day moving average price is $30.95 and its 200 day moving average price is $27.61. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $50.30 billion, a price-to-earnings ratio of -46.04 and a beta of 0.44. Honda Motor has a 12-month low of $23.25 and a 12-month high of $34.16.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. Honda Motor had a negative return on equity of 1.30% and a negative net margin of 0.73%.The company had revenue of $37.27 billion during the quarter. As a group, research analysts predict that Honda Motor will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On Honda Motor

A number of institutional investors have recently added to or reduced their stakes in the stock. Auto Owners Insurance Co grew its holdings in shares of Honda Motor by 5,004.4% in the 4th quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after purchasing an additional 8,414,952 shares during the last quarter. Donald Smith & CO. Inc. acquired a new stake in shares of Honda Motor during the 2nd quarter worth about $109,593,000. BlackRock Inc. lifted its holdings in Honda Motor by 35.2% during the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock valued at $72,004,000 after purchasing an additional 691,165 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Honda Motor by 1,421.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 416,848 shares of the company’s stock valued at $12,289,000 after purchasing an additional 389,442 shares during the last quarter. Finally, XY Capital Ltd acquired a new position in Honda Motor in the second quarter valued at about $7,032,000. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.

Honda’s automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.