Honda Motor Company, Ltd. (HMC) Hits New 12-Month High at $32.82
Honda Motor Company, Ltd. (NYSE:HMC)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $32.82 and last traded at $0.00, with a volume of shares trading hands.
Several equities analysts have recently commented on HMC shares. Jefferies Group LLC set a $35.00 target price on Honda Motor and gave the company a “buy” rating in a research report on Wednesday, August 16th. ValuEngine raised Honda Motor from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Morgan Stanley downgraded Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. Zacks Investment Research raised Honda Motor from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Instinet raised Honda Motor from a “reduce” rating to a “neutral” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. Honda Motor presently has a consensus rating of “Hold” and an average target price of $34.18.
Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The company had revenue of $3,713 billion during the quarter, compared to the consensus estimate of $3,525.55 billion. During the same period in the previous year, the firm posted $96.93 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mascoma Wealth Management LLC bought a new stake in shares of Honda Motor during the 2nd quarter worth $103,000. IFP Advisors Inc lifted its stake in Honda Motor by 13.2% in the second quarter. IFP Advisors Inc now owns 4,884 shares of the company’s stock worth $134,000 after purchasing an additional 571 shares during the last quarter. Pacad Investment Ltd. lifted its stake in Honda Motor by 6.3% in the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock worth $140,000 after purchasing an additional 300 shares during the last quarter. SG Americas Securities LLC lifted its stake in Honda Motor by 7.3% in the second quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock worth $152,000 after purchasing an additional 377 shares during the last quarter. Finally, Smithfield Trust Co. lifted its stake in Honda Motor by 7.9% in the second quarter. Smithfield Trust Co. now owns 6,448 shares of the company’s stock worth $176,000 after purchasing an additional 470 shares during the last quarter. 2.58% of the stock is owned by institutional investors.
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About Honda Motor
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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