Honda Motor Co., Ltd. (NYSE:HMC) Given Consensus Rating of “Reduce” by Analysts

Honda Motor Co., Ltd. (NYSE:HMC) has received an average rating of “Reduce” from the six analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $25.00.

A number of brokerages have recently weighed in on HMC. Zacks Research lowered shares of Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Weiss Ratings lowered shares of Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. BNP Paribas Exane began coverage on shares of Honda Motor in a report on Thursday, February 12th. They issued an “underperform” rating and a $25.00 price objective for the company. Wall Street Zen upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th.

Honda Motor Price Performance

HMC stock opened at $27.93 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.28 and a quick ratio of 1.03. Honda Motor has a one year low of $23.25 and a one year high of $34.89. The stock has a market cap of $43.59 billion, a PE ratio of -14.62, a P/E/G ratio of 22.10 and a beta of 0.44. The firm has a 50 day simple moving average of $25.01 and a two-hundred day simple moving average of $27.99.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Thursday, May 14th. The company reported ($4.24) EPS for the quarter, topping analysts’ consensus estimates of ($5.74) by $1.50. Honda Motor had a negative net margin of 1.75% and a negative return on equity of 3.07%. The business had revenue of $36.81 billion during the quarter, compared to analysts’ expectations of $32.99 billion. Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. On average, analysts predict that Honda Motor will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

A number of hedge funds have recently made changes to their positions in HMC. WealthCollab LLC lifted its holdings in shares of Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Honda Motor in the 3rd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Honda Motor in the 2nd quarter worth approximately $29,000. Lodestone Wealth Management LLC purchased a new stake in Honda Motor during the 4th quarter valued at $32,000. Finally, Sound Income Strategies LLC purchased a new stake in Honda Motor during the 4th quarter valued at $33,000. 5.32% of the stock is currently owned by institutional investors.

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.