Honda Motor Company, Ltd. (NYSE:HMC) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $33.18.

Several equities research analysts recently commented on HMC shares. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Nomura raised Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st. JPMorgan Chase & Co. cut Honda Motor from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 5th. BidaskClub raised Honda Motor from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Instinet raised Honda Motor from a “reduce” rating to a “neutral” rating in a report on Tuesday, August 1st.

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Shares of Honda Motor (HMC) opened at 27.56 on Friday. The firm’s 50-day moving average price is $27.70 and its 200 day moving average price is $29.11. The stock has a market capitalization of $49.67 billion, a P/E ratio of 8.45 and a beta of 1.01. Honda Motor has a 1-year low of $27.05 and a 1-year high of $32.17.

Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm had revenue of $3,713 billion for the quarter, compared to analysts’ expectations of $3,525.55 billion. During the same quarter in the previous year, the company earned $96.93 earnings per share. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Analysts expect that Honda Motor will post $2.76 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in HMC. American Century Companies Inc. boosted its stake in shares of Honda Motor by 35.3% in the second quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock valued at $152,872,000 after buying an additional 1,455,144 shares during the last quarter. Brandes Investment Partners LP boosted its position in Honda Motor by 7.5% in the second quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock valued at $107,247,000 after buying an additional 271,870 shares in the last quarter. Macquarie Group Ltd. boosted its position in Honda Motor by 20.6% in the first quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock valued at $100,248,000 after buying an additional 566,685 shares in the last quarter. Equity Investment Corp Acquisition Inc boosted its position in Honda Motor by 4.0% in the first quarter. Equity Investment Corp Acquisition Inc now owns 2,929,649 shares of the company’s stock valued at $88,651,000 after buying an additional 112,781 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Honda Motor by 11.8% in the second quarter. Renaissance Technologies LLC now owns 2,876,703 shares of the company’s stock valued at $78,793,000 after buying an additional 302,703 shares in the last quarter. 2.56% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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