ValuEngine upgraded shares of Honda Motor Company, Ltd. (NYSE:HMC) from a hold rating to a buy rating in a research report released on Thursday morning.

Several other research firms have also recently weighed in on HMC. Zacks Investment Research raised Honda Motor from a hold rating to a strong-buy rating and set a $32.00 price objective on the stock in a research report on Thursday, August 17th. Nomura raised Honda Motor from a reduce rating to a neutral rating in a research report on Tuesday, August 1st. BidaskClub raised Honda Motor from a strong sell rating to a sell rating in a research report on Thursday, August 3rd. Instinet raised Honda Motor from a reduce rating to a neutral rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $33.18 price objective on shares of Honda Motor in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $34.18.

Shares of Honda Motor (NYSE:HMC) opened at $32.93 on Thursday. The company has a current ratio of 1.23, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $59,650.32, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 3.09 and a beta of 1.05. Honda Motor has a 12-month low of $27.05 and a 12-month high of $33.75.

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Several hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc. lifted its holdings in shares of Honda Motor by 2.2% during the second quarter. TD Asset Management Inc. now owns 10,750 shares of the company’s stock valued at $357,000 after purchasing an additional 227 shares during the last quarter. Pacad Investment Ltd. lifted its holdings in shares of Honda Motor by 6.3% during the second quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock valued at $140,000 after purchasing an additional 300 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Honda Motor by 1.1% during the second quarter. Neuberger Berman Group LLC now owns 29,777 shares of the company’s stock valued at $816,000 after purchasing an additional 338 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Honda Motor by 7.3% during the second quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock valued at $152,000 after purchasing an additional 377 shares during the last quarter. Finally, Smithfield Trust Co. lifted its holdings in shares of Honda Motor by 7.9% during the second quarter. Smithfield Trust Co. now owns 6,448 shares of the company’s stock valued at $176,000 after purchasing an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 2.60% of the company’s stock.

Honda Motor Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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