Honda Motor Co. Given Neutral Rating at Zacks (HMC)
Honda Motor Co. (NYSE:HMC)‘s stock had its “neutral” rating reiterated by Zacks in a report released on Tuesday, AnalystRatings.Net reports. They currently have a $39.00 price objective on the stock. Zacks‘ target price points to a potential upside of 8.57% from the company’s current price.
Zacks‘ analyst wrote, “Honda reported a 107.6% rise in earnings per share to $0.85 in the third quarter of fiscal 2014, which lagged the Zacks Consensus Estimate of $0.86. Consolidated net sales and other operating revenues grew 24.5% but was also below the Zacks Consensus Estimate of $28.95 billion. Honda expects revenues and net income to increase 22.5% and 58%, respectively, in fiscal 2014. The company’s efforts to develop infrastructure and introduce new products are helping the business expansion. However, we are concerned about increasing SG&A and R&D expenses, along with the challenging balance sheet. Frequent product recalls are also unfavorable. Therefore, we are maintaining our Neutral recommendation on Honda.”
Honda Motor Co. (NYSE:HMC) traded down 1.43% on Tuesday, hitting $35.92. The stock had a trading volume of 572,872 shares. Honda Motor Co. has a 1-year low of $35.15 and a 1-year high of $42.96. The stock’s 50-day moving average is $40.07 and its 200-day moving average is $39.49. The company has a market cap of $64.738 billion and a P/E ratio of 13.05.
Honda Motor Co. (NYSE:HMC) last released its earnings data on Friday, January 31st. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.01. The company had revenue of $3,020.80 billion for the quarter, compared to the consensus estimate of $3,042.78 billion. The company’s quarterly revenue was up 24.5% on a year-over-year basis.
HMC has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Honda Motor Co. to a “buy” rating in a research note to investors on Monday. Finally, analysts at Morgan Stanley downgraded shares of Honda Motor Co. from a “buy” rating to an “equal weight” rating in a research note to investors on Monday, January 6th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Honda Motor Co. presently has a consensus rating of “Buy” and a consensus target price of $43.16.
Honda Motor Co, Ltd. (NYSE:HMC) develops, produces and manufactures a variety of motor products, ranging from small general-purpose engines and scooters to specialty sports cars.
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