Honda Motor (NYSE:HMC) Sets New 12-Month 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 reached a new 52-week high during trading 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 Analysts Forecast Growth

HMC has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Dbs Bank cut Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. Macquarie cut Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Finally, Zacks Research downgraded shares of Honda Motor from a "hold" rating to a "strong sell" rating in a research note on Monday, September 1st. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce".

Honda Motor Trading Up 1.5%

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The business's 50-day moving average price is $32.18 and its two-hundred day moving average price is $30.11. The company has a market capitalization of $54.40 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.14 and a beta of 0.52.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.51 by $0.46. The business 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%. Research analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HMC. Fisher Asset Management LLC boosted its position in Honda Motor by 2.4% during the second quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company's stock valued at $298,895,000 after acquiring an additional 239,663 shares during the last quarter. Equity Investment Corp boosted its position in Honda Motor by 2.0% during the second quarter. Equity Investment Corp now owns 2,243,527 shares of the company's stock valued at $64,681,000 after acquiring an additional 44,986 shares during the last quarter. Bank of America Corp DE boosted its position in Honda Motor by 6.9% during the fourth quarter. Bank of America Corp DE now owns 1,255,537 shares of the company's stock valued at $35,846,000 after acquiring an additional 81,548 shares during the last quarter. Northern Trust Corp boosted its position in Honda Motor by 1.0% during the first quarter. Northern Trust Corp now owns 1,110,812 shares of the company's stock valued at $30,136,000 after acquiring an additional 11,114 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its position in shares of Honda Motor by 4.8% during the 2nd quarter. Brandes Investment Partners LP now owns 847,314 shares of the company's stock worth $24,428,000 after purchasing an additional 38,690 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

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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