Honda Motor Co., Ltd. (NYSE:HMC) Given Consensus Recommendation of “Hold” by Brokerages

Honda Motor Co., Ltd. (NYSE:HMC) has received an average recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $25.00.

A number of equities research analysts have recently weighed in on HMC shares. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 11th. Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, June 3rd. Zacks Research raised shares of Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.

Institutional Investors Weigh In On Honda Motor

A number of large investors have recently modified their holdings of HMC. Caitong International Asset Management Co. Ltd bought a new stake in Honda Motor during the third quarter worth about $26,000. WealthCollab LLC boosted its stake in Honda Motor by 66.2% during the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Honda Motor during the second quarter worth about $29,000. Sound Income Strategies LLC bought a new stake in Honda Motor during the fourth quarter worth about $33,000. Finally, Lodestone Wealth Management LLC bought a new stake in Honda Motor during the fourth quarter worth about $32,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Price Performance

Shares of Honda Motor stock opened at $27.24 on Tuesday. The firm has a market cap of $42.51 billion, a PE ratio of -14.26, a price-to-earnings-growth ratio of 4.62 and a beta of 0.44. Honda Motor has a 12-month low of $23.25 and a 12-month high of $34.89. The company has a quick ratio of 1.03, a current ratio of 1.28 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $25.78 and its two-hundred day simple moving average is $27.62.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($5.74) by $1.50. The business had revenue of $36.81 billion for the quarter, compared to analyst estimates of $32.99 billion. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. As a group, equities analysts expect that Honda Motor will post 0.93 EPS for the current year.

About Honda Motor

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.