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

Key Points

• Honda Motor Co., Ltd. has received a consensus recommendation of "Reduce" from five brokerage firms, with one sell rating and four hold ratings.
• Recent ratings changes include Zacks downgrading Honda from "hold" to "strong sell" and Wall Street Zen upgrading it from "sell" to "hold."
• The company reported earnings of $0.97 EPS for its last quarter, exceeding analysts' expectations of $0.51.

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) has earned a consensus recommendation of "Reduce" from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company.

HMC has been the subject of several analyst reports. Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Zacks Research cut shares of Honda Motor from a "hold" rating to a "strong sell" rating in a research report on Monday, September 1st. Finally, Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th.

Honda Motor Price Performance

Shares of HMC traded up $0.34 during mid-day trading on Wednesday, hitting $34.69. 243,480 shares of the company were exchanged, compared to its average volume of 1,056,058. Honda Motor has a 1-year low of $23.41 and a 1-year high of $34.70. 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 company has a 50 day moving average of $32.18 and a 200-day moving average of $30.11. The stock has a market cap of $54.14 billion, a price-to-earnings ratio of 11.99, a price-to-earnings-growth ratio of 1.14 and a beta of 0.52.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.46. The company had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. Analysts expect that Honda Motor will post 3.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its holdings in Honda Motor by 10.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,643 shares of the company's stock worth $317,000 after buying an additional 1,064 shares in the last quarter. Bessemer Group Inc. increased its stake in Honda Motor by 460.2% in 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 during the period. Raymond James Financial Inc. increased its stake in Honda Motor by 4.5% in 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 during the period. Cambridge Investment Research Advisors Inc. increased its stake in Honda Motor by 36.1% in 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 during the period. Finally, LPL Financial LLC increased its stake in Honda Motor by 23.7% in 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 during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.

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.