Honda Motor Co Ltd Receives “Neutral” Rating from Zacks (HMC)
Honda Motor Co Ltd (NYSE:HMC)‘s stock had its “neutral” rating reaffirmed by Zacks in a note issued to investors on Friday. They currently have a $36.00 target price on the stock. Zacks‘s price objective points to a potential upside of 3.75% from the stock’s previous close.
Zacks’ analyst wrote, “Honda posted a 125.1% rise in earnings to $0.92 per share in the fourth quarter of fiscal 2014, surpassing the Zacks Consensus Estimate of $0.88. Consolidated net sales and other operating revenues grew 12.8% to $30.1 billion but fell short of the Zacks Consensus Estimate of $30.8 billion. The year-over-year increase was due to higher revenues from the automobile & motorcycle business operations and favorable foreign currency translations. Honda also expects higher revenues, operating profit and net income in fiscal 2015. However, we are concerned about increasing selling, general and administrative (SG&A) expenses and research and development (R&D) expenses and recent recalls. “
A number of other firms have also recently commented on HMC. Analysts at Ji-Asia Research downgraded shares of Honda Motor Co Ltd from a “buy” rating to a “neutral” rating in a research note on Monday, May 19th. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Honda Motor Co Ltd from an “overweight” rating to a “neutral” rating in a research note on Friday, April 25th. Finally, analysts at Morgan Stanley downgraded shares of Honda Motor Co Ltd from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Honda Motor Co Ltd has an average rating of “Hold” and a consensus price target of $39.49.
Shares of Honda Motor Co Ltd (NYSE:HMC) traded down 0.24% on Friday, hitting $34.617. 142,641 shares of the company’s stock traded hands. Honda Motor Co Ltd has a 52-week low of $32.42 and a 52-week high of $42.96. The stock’s 50-day moving average is $34.02 and its 200-day moving average is $36.83. The company has a market cap of $62.390 billion and a price-to-earnings ratio of 11.16.
Honda Motor Co Ltd (NYSE:HMC) last released its earnings data on Friday, April 25th. The company reported $94.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $88.01 by $6.60. The company had revenue of $3,097.20 billion for the quarter, compared to the consensus estimate of $3,220.42 billion. The company’s quarterly revenue was up 3.2% on a year-over-year basis.
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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