Honda Motor Co., Ltd. (NYSE:HMC) Stock Has Average Target Price of $34.00 According to Brokerages

Key Points

• Honda Motor carries a “Moderate Buy” consensus from five analysts, with two strong-buy, two hold, and one sell rating. The average 12-month price target is $34.00.
• HMC shares opened at $33.99, near the analyst target, and have risen above their 50-day and 200-day moving averages. The stock’s 52-week range is $23.25 to $34.64.
• Honda reported quarterly revenue of $37.27 billion and earnings per share of $2.14, while institutional investors own 5.32% of the company.

Shares of Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) have been given an average rating of "Moderate Buy" by the five brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $34.00.

A number of equities analysts have issued reports on HMC shares. Wall Street Zen upgraded Honda Motor from a "hold" rating to a "buy" rating in a report on Saturday, September 19th. Weiss Ratings raised Honda Motor from a "sell (d)" rating to a "sell (d+)" rating in a research report on Thursday, October 22nd. BNP Paribas Exane initiated coverage on shares of Honda Motor in a report on Friday, September 18th. They issued a "neutral" rating and a $34.00 price target on the stock. Finally, Zacks Research upgraded shares of Honda Motor from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th.

Honda Motor Stock Up 0.1%

Shares of NYSE HMC opened at $33.99 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The firm has a market cap of $53.05 billion, a price-to-earnings ratio of -48.56 and a beta of 0.46. The company's 50-day simple moving average is $32.67 and its 200-day simple moving average is $28.94. Honda Motor has a 52-week low of $23.25 and a 52-week high of $34.64.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share (EPS) for the quarter. The company had revenue of $37.27 billion during the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. Equities analysts predict that Honda Motor will post 2.32 EPS for the current fiscal year.

Institutional Trading of Honda Motor

Several large investors have recently added to or reduced their stakes in HMC. Ascent Group LLC acquired a new position in shares of Honda Motor in the 3rd quarter valued at $262,000. Putney Financial Group LLC bought a new position in Honda Motor in the 3rd quarter valued at about $25,000. Vise Technologies Inc. grew its holdings in Honda Motor by 22.4% during the third quarter. Vise Technologies Inc. now owns 99,257 shares of the company's stock valued at $3,137,000 after purchasing an additional 18,142 shares during the period. Summit Global Investments boosted its position in shares of Honda Motor by 7.3% during the 3rd quarter. Summit Global Investments now owns 10,164 shares of the company's stock valued at $321,000 after acquiring an additional 695 shares during the last quarter. Finally, Choreo LLC boosted its position in Honda Motor by 5.3% during the 3rd quarter. Choreo LLC now owns 21,927 shares of the company's stock valued at $693,000 after buying an additional 1,097 shares during the period. 5.32% of the stock is owned by institutional investors.

About Honda Motor

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world's major vehicle producers.

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