Honda Motor (HMC) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Honda Motor in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HMC shares.
View HMC analyst ratings or view top-rated stocks.

2 equities research analysts have issued 1-year price targets for Honda Motor's stock. Their HMC share price forecasts range from $31.51 to $31.51. On average, they expect the company's stock price to reach $31.51 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for HMC or view top-rated stocks among Wall Street analysts.

Honda Motor's stock was trading at $22.86 at the beginning of 2023. Since then, HMC shares have increased by 30.9% and is now trading at $29.93.
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Honda Motor saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,630,000 shares, a decline of 17.3% from the April 30th total of 1,970,000 shares. Based on an average trading volume of 1,000,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.1% of the company's stock are short sold.
View Honda Motor's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our HMC earnings forecast.

Honda Motor Co., Ltd. (NYSE:HMC) issued its quarterly earnings data on Wednesday, August, 4th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.44. The business had revenue of $32.74 billion for the quarter, compared to analysts' expectations of $30.85 billion. Honda Motor had a trailing twelve-month return on equity of 5.93% and a net margin of 4.04%. The company's revenue for the quarter was down 10.3% on a year-over-year basis. During the same quarter last year, the company earned $97.92 EPS.

ETFs with the largest weight of Honda Motor (NYSE:HMC) stock in their portfolio include Pacer Developed Markets International Cash Cows 100 ETF (ICOW), SPDR S&P Kensho Smart Mobility ETF (HAIL), Pacer Global Cash Cows Dividend ETF (GCOW), Cultivar ETF (CVAR), Avantis International Large Cap Value ETF (AVIV), Pacer Trendpilot International ETF (PTIN), Avantis Responsible International Equity ETF (AVSD) and Dimensional International Core Equity 2 ETF (DFIC).

Honda Motor (NYSE:HMC) pays an annual dividend of $0.66 per share and currently has a dividend yield of 2.23%. The dividend payout ratio is 22.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HMC will have a dividend payout ratio of 15.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HMC.

Honda Motor updated its FY 2024 earnings guidance on Friday, May, 12th. The company provided EPS guidance of $3.92-$3.92 for the period. The company issued revenue guidance of $145.60 billion-$145.60 billion.

250 employees have rated Honda Motor Chief Executive Officer Takahiro Hachigo on Glassdoor.com. Takahiro Hachigo has an approval rating of 91% among the company's employees. This puts Takahiro Hachigo in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Honda Motor investors own include AT&T (T), Bank of America (BAC), Walmart (WMT), Walt Disney (DIS), Intel (INTC), Johnson & Johnson (JNJ), Verizon Communications (VZ), General Motors (GM), Cisco Systems (CSCO) and McDonald's (MCD).

Honda Motor trades on the New York Stock Exchange (NYSE) under the ticker symbol "HMC."

Honda Motor's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dodge & Cox (2.65%), Fisher Asset Management LLC (0.52%), Arrowstreet Capital Limited Partnership (0.27%), Envestnet Asset Management Inc. (0.18%), Mondrian Investment Partners LTD (0.13%) and Macquarie Group Ltd. (0.13%).

Shares of HMC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HMC stock can currently be purchased for approximately $29.93.

Honda Motor (NYSE:HMC) has a market capitalization of $51.20 billion and generates $125.15 billion in revenue each year. The company earns $5.15 billion in net income (profit) each year or $3.00 on an earnings per share basis.

The company employs 218,674 workers across the globe.

Honda Motor's mailing address is 1-1 MINAMI-AOYAMA 2-CHOME MINATO-KU, TOKYO M0, 107-8556. The official website for the company is global.honda. The company can be reached via phone at (133) 423-1111.