Honda Motor (NYSE:HMC) Hits New 12-Month High - Still a Buy?

Key Points

• Honda shares reached a new 52-week high of $34.59 and last traded near $34.52, up from a previous close of $33.97.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and a $34.00 target price; ratings include two Strong Buys, two Holds and one Sell.
• Honda reported quarterly revenue of $37.27 billion and earnings of $2.14 per share, although it posted a negative net margin of 0.73% and negative return on equity of 1.30%.

Shares of Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) reached a new 52-week high on Thursday. The company traded as high as $34.59 and last traded at $34.5220, with a volume of 193,028 shares. The stock had previously closed at $33.97.

Analyst Ratings Changes

Several brokerages have issued reports on HMC. Zacks Research upgraded Honda Motor from a "hold" rating to a "strong-buy" rating in a report on Monday, August 17th. Weiss Ratings restated a "sell (d)" rating on shares of Honda Motor in a report on Monday, August 31st. BNP Paribas Exane started coverage on Honda Motor in a report on Friday, September 18th. They set a "neutral" rating and a $34.00 price objective for the company. Finally, Wall Street Zen raised Honda Motor from a "hold" rating to a "buy" rating in a research report on Saturday, September 19th. Two analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Honda Motor currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

Honda Motor Price Performance

The stock has a market capitalization of $53.97 billion, a P/E ratio of -49.39 and a beta of 0.46. The business's 50 day simple moving average is $32.37 and its two-hundred day simple moving average is $28.74. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69.

Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The company had revenue of $37.27 billion during the quarter. As a group, sell-side analysts forecast that Honda Motor Co., Ltd. will post 2.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Financial Management Professionals Inc. grew its holdings in Honda Motor by 38.2% during the second quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company's stock worth $51,000 after buying an additional 518 shares in the last quarter. State of Wyoming lifted its stake in Honda Motor by 17.4% during the 1st quarter. State of Wyoming now owns 3,609 shares of the company's stock valued at $88,000 after acquiring an additional 536 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Honda Motor by 268.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,968 shares of the company's stock valued at $108,000 after acquiring an additional 2,892 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in Honda Motor by 674.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 4,593 shares of the company's stock valued at $125,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Honda Motor by 9.4% during the 2nd quarter. Fifth Third Bancorp now owns 5,091 shares of the company's stock worth $138,000 after acquiring an additional 438 shares during the last quarter. Institutional investors own 5.32% of the company's stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japan-based mobility company that develops, manufactures and sells automobiles, motorcycles and power products. Its automotive lineup includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles, while its motorcycle business serves customers across commuter, recreational and performance segments. Honda also produces power equipment, including engines, generators, lawn and garden equipment, and other products.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company began as a manufacturer of motorcycle engines and grew into one of the world's major vehicle producers.

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