Honda Motor (NYSE:HMC) Shares Gap Up – Here’s What Happened

Honda Motor Co., Ltd. (NYSE:HMC) gapped up prior to trading on Wednesday . The stock had previously closed at $26.48, but opened at $27.71. Honda Motor shares last traded at $27.75, with a volume of 451,863 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on HMC shares. Zacks Research cut shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. BNP Paribas Exane started coverage on shares of Honda Motor in a report on Thursday, February 12th. They set an “underperform” rating and a $25.00 price objective for the company. Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 11th. Finally, Weiss Ratings cut Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $25.00.

Honda Motor Stock Up 4.6%

The business has a 50-day moving average price of $24.84 and a 200 day moving average price of $28.05. The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $43.24 billion, a P/E ratio of -14.50, a P/E/G ratio of 20.93 and a beta of 0.44.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.74) by $1.50. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. The company had revenue of $36.81 billion for the quarter, compared to the consensus estimate of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. On average, equities analysts expect that Honda Motor Co., Ltd. will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Several large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in shares of Honda Motor by 4.0% in the 1st quarter. NewEdge Advisors LLC now owns 20,038 shares of the company’s stock valued at $487,000 after purchasing an additional 772 shares during the last quarter. Bank of America Corp DE increased its position in shares of Honda Motor by 3.6% during the 1st quarter. Bank of America Corp DE now owns 2,834,932 shares of the company’s stock valued at $68,917,000 after purchasing an additional 99,301 shares during the last quarter. Arkadios Wealth Advisors purchased a new stake in Honda Motor during the 1st quarter valued at $219,000. EverSource Wealth Advisors LLC raised its holdings in Honda Motor by 38.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 13,745 shares of the company’s stock valued at $334,000 after buying an additional 3,793 shares during the period. Finally, Royal Bank of Canada lifted its position in Honda Motor by 13.4% in the first quarter. Royal Bank of Canada now owns 401,613 shares of the company’s stock worth $9,763,000 after buying an additional 47,382 shares during the last quarter. 5.32% of the stock is owned by institutional investors.

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.