Honda Motor Co., Ltd. (NYSE:HMC) Given Consensus Rating of "Hold" by Analysts

Key Points

• Honda has a consensus “Hold” rating from five analysts: two rate it a sell, two a hold, and one a strong buy. The average 12-month price target is $25.00.
• Honda reported quarterly EPS of $2.14 on revenue of $37.27 billion, but posted a negative net margin of 0.73% and negative return on equity of 1.30%.
• Honda shares opened at $31.98, within a 52-week range of $23.25 to $34.89, while hedge funds and other institutional investors own 5.32% of the stock.

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 company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $25.00.

Several research firms recently issued reports on HMC. Zacks Research raised Honda Motor from a "strong sell" rating to a "hold" rating in a research note on Friday, June 19th. Weiss Ratings lowered Honda Motor from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, May 16th.

Honda Motor Stock Performance

NYSE HMC opened at $31.98 on Wednesday. The company's 50 day simple moving average is $28.58 and its two-hundred day simple moving average is $27.40. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.04. Honda Motor has a 1 year low of $23.25 and a 1 year high of $34.89. The stock has a market capitalization of $49.92 billion, a PE ratio of -45.69 and a beta of 0.42.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The firm 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%. Analysts predict that Honda Motor will post 1.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently bought and sold shares of HMC. WealthCollab LLC increased its holdings in shares of Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company's stock worth $26,000 after buying an additional 365 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Honda Motor during the 3rd quarter valued at $26,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Honda Motor during the 2nd quarter worth $29,000. Financial Management Professionals Inc. lifted its holdings in shares of Honda Motor by 38.2% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company's stock worth $51,000 after acquiring an additional 518 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Honda Motor by 121.2% in the first quarter. Geneos Wealth Management Inc. now owns 2,119 shares of the company's stock worth $57,000 after acquiring an additional 1,161 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company's core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world's leading producers by volume and model breadth.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source