Honda Motor Co., Ltd. (NYSE:HMC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have received an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. Nomura upgraded shares of Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th.

Hedge Funds Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Savant Capital LLC boosted its holdings in Honda Motor by 86.2% in the second quarter. Savant Capital LLC now owns 22,073 shares of the company’s stock valued at $636,000 after purchasing an additional 10,221 shares in the last quarter. Assetmark Inc. lifted its position in shares of Honda Motor by 4.3% during the 2nd quarter. Assetmark Inc. now owns 227,722 shares of the company’s stock worth $6,565,000 after buying an additional 9,314 shares during the last quarter. Ascent Group LLC acquired a new position in shares of Honda Motor in the 2nd quarter valued at $234,000. Fisher Asset Management LLC boosted its holdings in shares of Honda Motor by 2.4% in the 2nd quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company’s stock valued at $298,895,000 after buying an additional 239,663 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of Honda Motor by 53.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 24,908 shares of the company’s stock valued at $718,000 after buying an additional 8,636 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

Honda Motor Trading Up 3.5%

Shares of HMC stock opened at $31.64 on Friday. Honda Motor has a twelve month low of $24.56 and a twelve month high of $34.89. The stock’s fifty day simple moving average is $30.21 and its 200 day simple moving average is $31.41. The company has a quick ratio of 1.13, a current ratio of 1.41 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $49.39 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.21 and a beta of 0.37.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Friday, November 7th. The company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). The company had revenue of $34.71 billion during the quarter, compared to analyst estimates of $35.95 billion. Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. As a group, sell-side analysts predict that Honda Motor will post 3.99 EPS for the current fiscal year.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.