Honda Motor Company, Ltd. (HMC) Raised to “Buy” at ValuEngine
ValuEngine upgraded shares of Honda Motor Company, Ltd. (NYSE:HMC) from a hold rating to a buy rating in a report released on Monday morning.
A number of other analysts also recently issued reports on the stock. Jefferies Group LLC reaffirmed a buy rating and set a $33.18 price target on shares of Honda Motor in a report on Friday, July 14th. J P Morgan Chase & Co downgraded shares of Honda Motor from an overweight rating to a neutral rating in a report on Wednesday, July 5th. Morgan Stanley downgraded shares of Honda Motor from an overweight rating to an equal weight rating in a report on Tuesday, September 5th. BidaskClub downgraded shares of Honda Motor from a sell rating to a strong sell rating in a report on Thursday, June 22nd. Finally, Nomura raised shares of Honda Motor from a reduce rating to a neutral rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $33.50.
Shares of Honda Motor (HMC) traded up 0.23% during mid-day trading on Monday, reaching $30.12. 91,623 shares of the company’s stock traded hands. The stock has a market cap of $54.28 billion, a price-to-earnings ratio of 9.05 and a beta of 1.03. Honda Motor has a 12-month low of $27.05 and a 12-month high of $32.17. The firm’s 50 day moving average price is $28.78 and its 200-day moving average price is $28.46.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.21. The firm had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted $96.93 EPS. Equities research analysts forecast that Honda Motor will post $2.76 earnings per share for the current year.
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Several institutional investors and hedge funds have recently bought and sold shares of HMC. Russell Investments Group Ltd. purchased a new position in shares of Honda Motor in the first quarter worth approximately $1,990,000. First Trust Advisors LP boosted its holdings in shares of Honda Motor by 132.5% in the first quarter. First Trust Advisors LP now owns 35,121 shares of the company’s stock worth $1,063,000 after buying an additional 20,016 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Honda Motor by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 75,579 shares of the company’s stock worth $2,287,000 after buying an additional 5,420 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Honda Motor by 10.2% in the first quarter. Sei Investments Co. now owns 67,645 shares of the company’s stock worth $2,047,000 after buying an additional 6,252 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Honda Motor by 21.9% in the first quarter. Ameriprise Financial Inc. now owns 86,755 shares of the company’s stock worth $2,624,000 after buying an additional 15,615 shares during the last quarter. 2.58% of the stock is currently owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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