Honda Motor (NYSE:HMC) Hits New 1-Year High - Still a Buy?

Key Points

• Honda Motor's shares recently reached a new 52-week high of $34.70 during trading, with the last recorded price at $34.54.
• Analysts have mixed opinions, with Macquarie downgrading Honda from "outperform" to "neutral," while Wall Street Zen upgraded the stock from "sell" to "hold."
• Honda Motor reported $0.97 earnings per share for the last quarter, significantly beating the consensus estimate of $0.51.

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.70 and last traded at $34.54, with a volume of 52883 shares. The stock had previously closed at $34.03.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Macquarie cut Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Finally, Dbs Bank lowered Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Honda Motor has an average rating of "Hold".

Honda Motor Stock Performance

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 has a 50 day moving average price of $31.26 and a two-hundred day moving average price of $29.68. The company has a market cap of $53.99 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.04 and a beta of 0.52.

Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $36.04 billion. On average, sell-side analysts anticipate that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Honda Motor

A number of large investors have recently made changes to their positions in HMC. WealthCollab LLC increased its stake in shares of Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company's stock valued at $26,000 after buying an additional 365 shares during the period. Hazlett Burt & Watson Inc. raised its holdings in shares of Honda Motor by 1,105.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company's stock valued at $27,000 after acquiring an additional 873 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Honda Motor during the second quarter valued at approximately $29,000. Bessemer Group Inc. raised its holdings 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 acquiring an additional 902 shares in the last quarter. Finally, NewSquare Capital LLC raised its holdings in shares of Honda Motor by 99.8% during the second quarter. NewSquare Capital LLC now owns 1,065 shares of the company's stock valued at $31,000 after acquiring an additional 532 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors.

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.