Honda Motor (NYSE:HMC) was upgraded by research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.
Several other brokerages have also weighed in on HMC. Nomura upgraded Honda Motor from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 19th. TheStreet lowered Honda Motor from a “b” rating to a “c+” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded Honda Motor from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. Finally, ValuEngine upgraded Honda Motor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $31.00.
Shares of HMC stock traded up $0.31 on Tuesday, hitting $26.02. The company had a trading volume of 23,223 shares, compared to its average volume of 604,690. The stock has a market cap of $46.00 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 0.97 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 1.23 and a debt-to-equity ratio of 0.48. Honda Motor has a twelve month low of $24.43 and a twelve month high of $32.76.
Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.60). The company had revenue of $4,049.10 billion during the quarter, compared to analyst estimates of $4,011.69 billion. Honda Motor had a net margin of 3.92% and a return on equity of 6.97%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm earned $60.59 EPS. Sell-side analysts anticipate that Honda Motor will post 3.66 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Honda Motor by 0.3% in the fourth quarter. FMR LLC now owns 122,465 shares of the company’s stock valued at $3,240,000 after acquiring an additional 370 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Honda Motor by 14.5% in the fourth quarter. Bessemer Group Inc. now owns 3,018 shares of the company’s stock valued at $79,000 after acquiring an additional 382 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in Honda Motor by 59.5% in the first quarter. Cornerstone Advisors Inc. now owns 1,262 shares of the company’s stock valued at $34,000 after acquiring an additional 471 shares during the last quarter. Financial Consulate Inc. lifted its holdings in Honda Motor by 0.5% in the first quarter. Financial Consulate Inc. now owns 115,398 shares of the company’s stock valued at $3,135,000 after acquiring an additional 547 shares during the last quarter. Finally, Eagle Asset Management Inc. lifted its holdings in Honda Motor by 4.8% in the first quarter. Eagle Asset Management Inc. now owns 11,998 shares of the company’s stock valued at $325,000 after acquiring an additional 548 shares during the last quarter. Hedge funds and other institutional investors own 2.08% of the company’s stock.
About Honda Motor
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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