Honda Motor Co. (HMC) Sees Large Volume Increase
Honda Motor Co. (NYSE:HMC) saw an uptick in trading volume on Wednesday . 741,759 shares traded hands during trading, a decline of 3% from the previous session’s volume of 763,676 shares.The stock last traded at $29.56 and had previously closed at $28.98.
HMC has been the topic of a number of recent analyst reports. Bank of America Corp. downgraded shares of Honda Motor from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 31st. Zacks Investment Research downgraded shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 26th. Finally, TheStreet raised shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $32.73.
The company has a market capitalization of $53.65 billion, a price-to-earnings ratio of 16.51 and a beta of 1.10. The stock’s 50-day moving average is $29.92 and its 200 day moving average is $27.65.
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Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, August 2nd. The company reported $96.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $74.83 by $22.10. Honda Motor had a net margin of 2.35% and a return on equity of 4.88%. The business had revenue of $3,471.70 billion for the quarter, compared to analysts’ expectations of $3,452.87 billion. During the same period last year, the company earned $103.22 earnings per share. The company’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts expect that Honda Motor Co. will post $2.62 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its position in shares of Honda Motor by 42.7% in the second quarter. IFP Advisors Inc now owns 4,312 shares of the company’s stock worth $109,000 after buying an additional 1,291 shares during the period. Stifel Financial Corp boosted its position in shares of Honda Motor by 8.3% in the second quarter. Stifel Financial Corp now owns 178,576 shares of the company’s stock worth $4,525,000 after buying an additional 13,629 shares during the period. Balentine LLC boosted its position in shares of Honda Motor by 5.8% in the second quarter. Balentine LLC now owns 5,397 shares of the company’s stock worth $137,000 after buying an additional 297 shares during the period. National Asset Management Inc. boosted its position in shares of Honda Motor by 3.6% in the second quarter. National Asset Management Inc. now owns 8,099 shares of the company’s stock worth $207,000 after buying an additional 280 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Honda Motor by 90.0% in the second quarter. Cubist Systematic Strategies LLC now owns 34,370 shares of the company’s stock worth $871,000 after buying an additional 16,282 shares during the period. 3.01% of the stock is currently owned by hedge funds and other institutional investors.
Honda Motor Company Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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