Honda Motor Co., Ltd. (NYSE:HMC) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Honda Motor received a consensus “Moderate Buy” rating from five analysts: two strong buys, two holds, and one sell. The average one-year price target is $34.00, compared with the reported share price of $31.64.
• Honda reported quarterly revenue of $37.27 billion and earnings per share of $2.14, while analysts expect full-year EPS of approximately $2.25.
• Institutional investors have increased exposure to Honda, with major firms including BlackRock and Bank of America adding shares; hedge funds and other institutions own 5.32% of the company.

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

Several brokerages have recently issued reports on HMC. Weiss Ratings reissued a "sell (d)" rating on shares of Honda Motor in a research note on Monday, August 31st. Wall Street Zen raised Honda Motor from a "hold" rating to a "buy" rating in a research report on Saturday, September 19th. Zacks Research raised Honda Motor from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 17th. Finally, BNP Paribas Exane initiated coverage on Honda Motor in a report on Friday, September 18th. They issued a "neutral" rating and a $34.00 price objective on the stock.

Honda Motor Price Performance

Shares of NYSE:HMC opened at $31.64 on Thursday. The business's fifty day moving average price is $31.84 and its two-hundred day moving average price is $28.10. The stock has a market cap of $49.39 billion, a PE ratio of -45.21 and a beta of 0.46. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. Honda Motor has a one year low of $23.25 and a one year high of $33.44.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly 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 for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. On average, analysts forecast that Honda Motor will post 2.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Auto Owners Insurance Co increased its position in shares of Honda Motor by 5,004.4% in the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company's stock worth $25,303,000 after acquiring an additional 8,414,952 shares in the last quarter. Donald Smith & CO. Inc. acquired a new position in shares of Honda Motor during the 2nd quarter valued at $109,593,000. Bank of America Corp DE boosted its position in Honda Motor by 3.6% during the 1st quarter. Bank of America Corp DE now owns 2,834,932 shares of the company's stock worth $68,917,000 after purchasing an additional 99,301 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 in the last quarter. Finally, Equity Investment Corp increased its holdings in Honda Motor by 1.2% in the 4th quarter. Equity Investment Corp now owns 2,302,204 shares of the company's stock valued at $67,869,000 after purchasing an additional 27,965 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company's stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japanese manufacturer of automobiles, motorcycles and power products. The company's automotive lineup includes passenger cars, sport utility vehicles, light trucks and electric vehicles sold primarily under the Honda brand, as well as luxury vehicles marketed through its Acura brand in select markets.

Honda also develops and sells motorcycles, all-terrain vehicles, generators, lawn and garden equipment, marine engines and other power products. Through Honda Aircraft Company, it produces HondaJet light business aircraft.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.