Honda Motor Co., Ltd. (NYSE:HMC) Receives Consensus Recommendation of “Reduce” from Analysts

Honda Motor Co., Ltd. (NYSE:HMCGet Free Report) has received a consensus recommendation of “Reduce” from the five analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of analysts have commented on the company. Zacks Research downgraded Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, September 1st. Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Macquarie cut Honda Motor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th.

Check Out Our Latest Stock Report on HMC

Honda Motor Stock Down 0.9%

HMC opened at $30.56 on Friday. The business’s fifty day moving average is $33.22 and its two-hundred day moving average is $30.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. The company has a market cap of $47.69 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 1.02 and a beta of 0.48. Honda Motor has a one year low of $23.41 and a one year high of $34.89.

Honda Motor (NYSE:HMCGet Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.46. The company had revenue of $36.22 billion for the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. Analysts anticipate that Honda Motor will post 3.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Honda Motor by 10.1% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,643 shares of the company’s stock worth $317,000 after acquiring an additional 1,064 shares during the last quarter. Bessemer Group Inc. increased its stake in Honda Motor by 460.2% in the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company’s stock valued at $30,000 after purchasing an additional 902 shares during the last quarter. Raymond James Financial Inc. increased its stake in Honda Motor by 4.5% in the first quarter. Raymond James Financial Inc. now owns 435,783 shares of the company’s stock valued at $11,823,000 after purchasing an additional 18,667 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Honda Motor by 36.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,635 shares of the company’s stock valued at $343,000 after purchasing an additional 3,351 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Honda Motor by 23.7% in the first quarter. LPL Financial LLC now owns 97,348 shares of the company’s stock valued at $2,641,000 after purchasing an additional 18,645 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

About Honda Motor

(Get Free Report)

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.

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Analyst Recommendations for Honda Motor (NYSE:HMC)

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