Honda Motor (NYSE:HMC) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Honda Motor Co., Ltd. (NYSE:HMC) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.51 and traded as high as $29.13. Honda Motor shares last traded at $28.5030, with a volume of 1,483,346 shares traded.

Analysts Set New Price Targets

Several research firms have commented on HMC. Morgan Stanley lowered shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 11th. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded Honda Motor from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.00.

Honda Motor Price Performance

The company has a current ratio of 1.28, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $44.49 billion, a PE ratio of -14.92, a price-to-earnings-growth ratio of 5.12 and a beta of 0.43. The stock’s 50-day moving average is $26.18 and its two-hundred day moving average is $27.51.

Honda Motor (NYSE:HMC) last announced its earnings results on Thursday, May 14th. The company reported ($4.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.74) by $1.50. The business had revenue of $36.81 billion during the quarter, compared to analyst estimates of $32.99 billion. Honda Motor had a negative return on equity of 3.07% and a negative net margin of 1.75%.Honda Motor has set its FY 2027 guidance at 1.278-1.278 EPS. On average, equities analysts predict that Honda Motor Co., Ltd. will post 0.92 EPS for the current year.

Hedge Funds Weigh In On Honda Motor

Several hedge funds have recently bought and sold shares of the business. WealthCollab LLC increased its stake in Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after purchasing an additional 365 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Honda Motor in the third quarter worth about $26,000. Newbridge Financial Services Group Inc. purchased a new position in Honda Motor in the 2nd quarter worth about $29,000. Lodestone Wealth Management LLC purchased a new position in Honda Motor in the 4th quarter worth about $32,000. Finally, Sound Income Strategies LLC bought a new stake in Honda Motor during the 4th quarter valued at about $33,000. Institutional investors own 5.32% of the company’s stock.

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.