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 brokerages have issued 1-year price objectives for Honda Motor's shares. 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 10.9% 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 start of the year. Since then, HMC stock has increased by 24.3% and is now trading at $28.41.
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Honda Motor saw a decline in short interest in 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 daily trading volume, of 1,000,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.1% of the company's shares are sold short.
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) released its earnings results on Wednesday, August, 4th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.44. The company had revenue of $32.74 billion for the quarter, compared to the consensus estimate of $30.85 billion. Honda Motor had a net margin of 4.04% and a trailing twelve-month return on equity of 5.93%. The firm's revenue was down 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $97.92 earnings per share.

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 2.32%. 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 15.21% 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 earnings per share (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 $28.41.

Honda Motor (NYSE:HMC) has a market capitalization of $48.60 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.