Honda Motor (NYSE:HMC) Sets New 12-Month Low – What’s Next?

Honda Motor Co., Ltd. (NYSE:HMC) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $23.81 and last traded at $23.78, with a volume of 208506 shares. The stock had previously closed at $24.34.

Wall Street Analyst Weigh In

Several analysts have commented on HMC shares. BNP Paribas Exane initiated coverage on shares of Honda Motor in a report on Thursday, February 12th. They set an “underperform” rating and a $25.00 target price on the stock. Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 11th. Wall Street Zen lowered shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings restated a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. Finally, Nomura raised shares of Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.00.

Honda Motor Price Performance

The stock has a market cap of $37.36 billion, a P/E ratio of 9.53 and a beta of 0.37. The company has a 50 day simple moving average of $28.97 and a 200 day simple moving average of $30.15. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.24. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. The company had revenue of $29.99 billion for the quarter, compared to the consensus estimate of $33.34 billion. Sell-side analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

A number of large investors have recently modified their holdings of the business. Larry Mathis Financial Planning LLC acquired a new stake in shares of Honda Motor in the fourth quarter valued at about $228,000. Advisortrust Partners LLC acquired a new position in Honda Motor during the fourth quarter valued at approximately $234,000. Auto Owners Insurance Co boosted its position in Honda Motor by 5,004.4% during the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock valued at $25,303,000 after purchasing an additional 8,414,952 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Honda Motor by 998.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,339 shares of the company’s stock valued at $275,000 after purchasing an additional 8,489 shares in the last quarter. Finally, SG Trading Solutions LLC acquired a new position in shares of Honda Motor during the 4th quarter worth approximately $511,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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.