Honda Motor Co., Ltd. (NYSE:HMC) Receives Average Rating of "Reduce" from 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.

Shares of Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) have been given a consensus rating of "Reduce" by the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company.

A number of research analysts have recently commented on HMC shares. Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research cut shares of Honda Motor from a "hold" rating to a "strong sell" rating in a report on Monday, September 1st. Finally, Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WealthCollab LLC boosted 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 valued at $26,000 after buying an additional 365 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Honda Motor by 1,105.1% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company's stock valued at $27,000 after buying an additional 873 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Honda Motor in the 2nd quarter valued at about $29,000. NewSquare Capital LLC boosted its holdings in shares of Honda Motor by 99.8% in the 2nd quarter. NewSquare Capital LLC now owns 1,065 shares of the company's stock valued at $31,000 after buying an additional 532 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after buying an additional 902 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Trading Up 0.4%

Shares of NYSE HMC traded up $0.14 during mid-day trading on Wednesday, reaching $34.32. The company had a trading volume of 563,962 shares, compared to its average volume of 762,580. The business's 50-day moving average is $32.18 and its 200-day moving average is $30.09. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a market cap of $53.57 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 1.14 and a beta of 0.52. Honda Motor has a 52 week low of $23.41 and a 52 week high of $34.70.

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

About Honda Motor

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.