Honda Motor Co Ltd (NYSE:HMC) – Stock analysts at Jefferies Group reduced their Q3 2018 earnings estimates for Honda Motor in a research note issued on Tuesday. Jefferies Group analyst T. Nakanishi now expects that the company will post earnings per share of $0.78 for the quarter, down from their previous estimate of $0.82. Jefferies Group currently has a “Buy” rating and a $36.36 target price on the stock.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, November 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.37. Honda Motor had a net margin of 4.38% and a return on equity of 8.12%.

Several other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, UBS Group upgraded shares of Honda Motor from an “underweight” rating to a “neutral” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $36.68.

Honda Motor (NYSE:HMC) traded up $0.60 during midday trading on Thursday, reaching $36.33. 563,200 shares of the company’s stock traded hands, compared to its average volume of 668,136. Honda Motor has a 12-month low of $27.05 and a 12-month high of $36.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.23. The stock has a market cap of $64,722.32, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.95 and a beta of 1.09.

Several institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in shares of Honda Motor by 7.3% in the 2nd quarter. SG Americas Securities LLC now owns 5,552 shares of the company’s stock valued at $152,000 after purchasing an additional 377 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Honda Motor by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 77,718 shares of the company’s stock valued at $2,128,000 after purchasing an additional 2,139 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Honda Motor by 1.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 29,777 shares of the company’s stock valued at $816,000 after purchasing an additional 338 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Honda Motor by 7.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 379,299 shares of the company’s stock valued at $10,388,000 after purchasing an additional 27,900 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its stake in shares of Honda Motor by 13.3% in the 2nd quarter. Nationwide Fund Advisors now owns 112,714 shares of the company’s stock valued at $3,087,000 after purchasing an additional 13,226 shares during the last quarter. Institutional investors and hedge funds own 2.37% of the company’s stock.

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About Honda Motor

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.

Earnings History and Estimates for Honda Motor (NYSE:HMC)

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