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

Key Points

• Shares of Honda Motor have reached a new 52-week high, trading at $34.67, following a trading volume of 216,597 shares.
• Recent analyst ratings show a mix of upgrades and downgrades, with Honda receiving an average rating of "Reduce" from analysts.
• The company's quarterly earnings surpassed expectations, reporting $0.97 EPS against a consensus estimate of $0.51, alongside revenues of $36.22 billion.

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $34.70 and last traded at $34.67, with a volume of 216597 shares trading hands. The stock had previously closed at $34.35.

Wall Street Analyst Weigh In

HMC has been the topic of a number of recent research reports. Macquarie cut shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. 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, Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Honda Motor currently has a consensus rating of "Reduce".

Honda Motor Price Performance

The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The stock has a market cap of $52.35 billion, a P/E ratio of 11.61, a PEG ratio of 1.13 and a beta of 0.52. The firm's fifty day moving average price is $32.66 and its 200-day moving average price is $30.31.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HMC. WealthCollab LLC boosted its holdings in Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company's stock valued at $26,000 after acquiring an additional 365 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Honda Motor by 1,105.1% in 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 stake in Honda Motor in the second quarter valued at $29,000. NewSquare Capital LLC boosted its holdings in Honda Motor by 99.8% in 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. Finally, Bessemer Group Inc. boosted its holdings 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 acquiring an additional 902 shares in the last quarter. Institutional investors own 5.32% of the company's stock.

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.