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

Key Points

• Honda Motor Co., Ltd. has received an average analyst rating of "Reduce," with one sell recommendation and four hold recommendations among five rating firms.
• Recent hedge fund activity includes Allspring Global Investments increasing its stake by 10.1%, while Bessemer Group boosted its position by 460.2% in the first quarter.
• Honda's earnings report revealed $0.97 earnings per share for the quarter, surpassing analyst expectations of $0.51, alongside a revenue of $36.22 billion.

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) has earned an average rating of "Reduce" from the five ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Several equities research analysts have recently issued reports on HMC shares. Wall Street Zen raised Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Macquarie downgraded Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Finally, Zacks Research cut Honda Motor from a "hold" rating to a "strong sell" rating in a report on Monday, September 1st.

Hedge Funds Weigh In On Honda Motor

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in shares of Honda Motor by 10.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,643 shares of the company's stock valued at $317,000 after buying an additional 1,064 shares during the period. Bessemer Group Inc. boosted its position in shares of Honda Motor by 460.2% during the first quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after purchasing an additional 902 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Honda Motor by 4.5% during the first quarter. Raymond James Financial Inc. now owns 435,783 shares of the company's stock valued at $11,823,000 after purchasing an additional 18,667 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Honda Motor by 36.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 12,635 shares of the company's stock valued at $343,000 after purchasing an additional 3,351 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Honda Motor by 23.7% during the first quarter. LPL Financial LLC now owns 97,348 shares of the company's stock valued at $2,641,000 after purchasing an additional 18,645 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Price Performance

Shares of HMC opened at $33.13 on Friday. Honda Motor has a 52-week low of $23.41 and a 52-week high of $34.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. The business's 50 day moving average price is $33.31 and its two-hundred day moving average price is $30.69. The firm has a market cap of $51.71 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.10 and a beta of 0.52.

Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The company had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. On average, equities analysts anticipate that Honda Motor will post 3.99 EPS for the current year.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.

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