Honda Motor (NYSE:HMC) Hits New 52-Week High - Should You Buy?

Key Points

• Honda Motor shares reached a new 52-week high of $33.55 and last traded at $33.44, supported by rising 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans positive: Honda has a consensus “Moderate Buy” rating and an average price target of $34.00, with ratings ranging from Strong Buy to Sell.
• Honda reported $2.14 in quarterly EPS on $37.27 billion in revenue, while profitability remained weak with a negative net margin of 0.73% and negative return on equity.

Shares of Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $33.55 and last traded at $33.44, with a volume of 4,027 shares changing hands. The stock had previously closed at $33.33.

Wall Street Analyst Weigh In

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

Honda Motor Stock Up 0.1%

The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The company has a market cap of $52.08 billion, a PE ratio of -47.72 and a beta of 0.46. The stock has a 50-day moving average of $32.05 and a 200-day moving average of $28.33.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Plan A Wealth LLC raised its holdings in Honda Motor by 1.6% in the third quarter. Plan A Wealth LLC now owns 24,858 shares of the company's stock valued at $786,000 after acquiring an additional 398 shares in the last quarter. Fifth Third Bancorp lifted 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 buying an additional 438 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in Honda Motor by 38.2% in the second quarter. Financial Management Professionals Inc. now owns 1,873 shares of the company's stock worth $51,000 after purchasing an additional 518 shares during the period. State of Wyoming raised its holdings in shares of Honda Motor by 17.4% during the first quarter. State of Wyoming now owns 3,609 shares of the company's stock worth $88,000 after purchasing an additional 536 shares during the period. Finally, Cooper Financial Group boosted its holdings in shares of Honda Motor by 8.1% in the 3rd quarter. Cooper Financial Group now owns 8,174 shares of the company's stock valued at $258,000 after buying an additional 610 shares during the period. Hedge funds and other institutional investors own 5.32% of the company's stock.

About Honda Motor

Honda Motor Co, Ltd. is a Japanese manufacturer of automobiles, motorcycles and power products. The company's automotive lineup includes passenger cars, sport utility vehicles, light trucks and electric vehicles sold primarily under the Honda brand, as well as luxury vehicles marketed through its Acura brand in select markets.

Honda also develops and sells motorcycles, all-terrain vehicles, generators, lawn and garden equipment, marine engines and other power products. Through Honda Aircraft Company, it produces HondaJet light business aircraft.

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