Honda Motor Co., Ltd. (NYSE:HMC) Stock Has Average Price Target of $34.00 According to Analysts

Honda Motor Co., Ltd. (NYSE:HMC) has been given a consensus recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $34.00.

HMC has been the topic of a number of research analyst reports. Zacks Research raised Honda Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, August 17th. Wall Street Zen raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th. Weiss Ratings reissued a “sell (d)” rating on shares of Honda Motor in a report on Monday, August 31st. Finally, BNP Paribas Exane started coverage on shares of Honda Motor in a report on Friday, September 18th. They set a “neutral” rating and a $34.00 price objective on the stock.

Honda Motor Stock Performance

NYSE:HMC opened at $32.69 on Thursday. The firm has a market capitalization of $51.02 billion, a PE ratio of -46.69 and a beta of 0.46. Honda Motor has a 1 year low of $23.25 and a 1 year high of $33.44. The company has a current ratio of 1.29, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm’s fifty day simple moving average is $31.99 and its 200 day simple moving average is $28.27.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The firm had revenue of $37.27 billion during the quarter. On average, sell-side analysts anticipate that Honda Motor will post 2.25 EPS for the current year.

Hedge Funds Weigh In On Honda Motor

Several large investors have recently added to or reduced their stakes in HMC. Auto Owners Insurance Co increased its holdings in 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 valued at $25,303,000 after buying an additional 8,414,952 shares during the period. Donald Smith & CO. Inc. bought a new stake in Honda Motor in the second quarter valued at about $109,593,000. BlackRock Inc. raised its position in Honda Motor by 35.2% in the second quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock worth $72,004,000 after purchasing an additional 691,165 shares in the last quarter. XY Capital Ltd bought a new position in Honda Motor during the second quarter worth about $7,032,000. Finally, First Trust Advisors LP grew its stake in shares of Honda Motor by 16.5% in the 1st quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock valued at $33,931,000 after purchasing an additional 197,431 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. is a Japanese manufacturer of automobiles, motorcycles and power products. The company’s automotive lineup includes passenger cars, sport utility vehicles, light trucks and electric vehicles sold primarily under the Honda brand, as well as luxury vehicles marketed through its Acura brand in select markets.

Honda also develops and sells motorcycles, all-terrain vehicles, generators, lawn and garden equipment, marine engines and other power products. Through Honda Aircraft Company, it produces HondaJet light business aircraft.