Honda Motor Co., Ltd. (NYSE:HMC) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Honda Motor has an average analyst rating of “Hold” from five firms: two rate it a sell, one a hold, and two a strong buy. The average 12-month price target is $25.00.
• Institutional investors have recently increased their exposure to Honda, with major additions from Auto Owners Insurance, Bank of America, and BlackRock; institutions collectively own 5.32% of the stock.
• Honda shares opened at $32.56, near the upper end of their 52-week range of $23.25 to $34.44. The company reported quarterly revenue of $37.27 billion and earnings of $2.14 per share, though profitability metrics remained negative.

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) has been given an average rating of "Hold" by the five ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $25.00.

HMC has been the subject of several analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of Honda Motor in a report on Monday, August 31st. Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Zacks Research raised shares of Honda Motor from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th.

Institutional Trading of Honda Motor

Several hedge funds have recently made changes to their positions in HMC. Auto Owners Insurance Co raised its stake in shares of Honda Motor by 5,004.4% in the 4th quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company's stock valued at $25,303,000 after acquiring an additional 8,414,952 shares during the period. Donald Smith & CO. Inc. purchased a new position in shares of Honda Motor during the 2nd quarter worth approximately $109,593,000. Bank of America Corp DE boosted its position in shares of Honda Motor by 34.8% during the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company's stock worth $129,369,000 after purchasing an additional 1,083,245 shares during the period. BlackRock Inc. increased its holdings in Honda Motor by 35.2% in the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company's stock valued at $72,004,000 after purchasing an additional 691,165 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Honda Motor in the second quarter valued at approximately $12,987,000. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Price Performance

Shares of NYSE HMC opened at $32.56 on Friday. The firm has a 50-day simple moving average of $30.54 and a 200-day simple moving average of $27.55. The stock has a market capitalization of $50.83 billion, a price-to-earnings ratio of -46.52 and a beta of 0.44. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. Honda Motor has a 52 week low of $23.25 and a 52 week high of $34.44.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. The firm had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. On average, equities analysts predict that Honda Motor will post 2.11 earnings per share for the current fiscal year.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.

Honda's automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.

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