Honda Motor (NYSE:HMC) Hits New 1-Year High – Should You Buy?

Honda Motor Co., Ltd. (NYSE:HMC)’s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $34.97 and last traded at $34.9350, with a volume of 75,576 shares trading hands. The stock had previously closed at $33.99.

Wall Street Analyst Weigh In

HMC has been the topic of a number of recent research reports. Zacks Research raised shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Weiss Ratings raised shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 22nd. BNP Paribas Exane assumed coverage on shares of Honda Motor in a research report on Friday, September 18th. They set a “neutral” rating and a $34.00 target price on the stock. Finally, Wall Street Zen raised shares of Honda Motor from a “hold” rating to a “buy” rating in a report on Saturday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Honda Motor has an average rating of “Moderate Buy” and an average target price of $34.00.

Honda Motor Stock Up 2.9%

The company has a fifty day simple moving average of $32.88 and a two-hundred day simple moving average of $29.03. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (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 for the quarter. As a group, equities research analysts forecast that Honda Motor Co., Ltd. will post 2.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Command Advisory Services Inc. grew its holdings in shares of Honda Motor by 414.3% during the 3rd quarter. First Command Advisory Services Inc. now owns 1,260 shares of the company’s stock valued at $40,000 after purchasing an additional 1,015 shares during the last quarter. Lido Advisors LLC lifted its stake in Honda Motor by 26.2% in the 3rd quarter. Lido Advisors LLC now owns 22,827 shares of the company’s stock valued at $721,000 after purchasing an additional 4,738 shares during the last quarter. Keybank National Association OH lifted its stake in Honda Motor by 8.5% in the 3rd quarter. Keybank National Association OH now owns 35,558 shares of the company’s stock valued at $1,124,000 after purchasing an additional 2,795 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Honda Motor by 19.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,660 shares of the company’s stock valued at $554,000 after buying an additional 2,830 shares in the last quarter. Finally, M Holdings Securities Inc. acquired a new stake in Honda Motor in the third quarter valued at approximately $487,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world’s major vehicle producers.