Honda Motor Company, Ltd. (HMC) Downgraded by ValuEngine to Hold

Honda Motor Company, Ltd. (NYSE:HMC) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday, September 1st.

HMC has been the topic of a number of other reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Honda Motor in a research report on Friday, May 26th. Zacks Investment Research cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. BidaskClub cut shares of Honda Motor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. Finally, Instinet upgraded shares of Honda Motor from a “reduce” rating to a “neutral” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Honda Motor has an average rating of “Hold” and a consensus price target of $33.50.

Honda Motor (HMC) traded up 0.38% during midday trading on Friday, reaching $29.34. 403,471 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $28.13 and a 200 day moving average price of $28.60. The company has a market cap of $52.88 billion, a price-to-earnings ratio of 8.86 and a beta of 1.01. Honda Motor has a 12-month low of $27.05 and a 12-month high of $32.17.

Honda Motor (NYSE:HMC) last released its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion for the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $96.93 EPS. On average, analysts expect that Honda Motor will post $2.76 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of HMC. Mascoma Wealth Management LLC bought a new position in Honda Motor during the 2nd quarter valued at about $103,000. IFP Advisors Inc lifted its stake in Honda Motor by 2.6% during the 1st quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock valued at $131,000 after acquiring an additional 108 shares during the period. Pacad Investment Ltd. lifted its stake in Honda Motor by 6.3% during the 2nd quarter. Pacad Investment Ltd. now owns 5,100 shares of the company’s stock valued at $140,000 after acquiring an additional 300 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Honda Motor by 22.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company’s stock valued at $145,000 after acquiring an additional 883 shares during the period. Finally, Proficio Capital Partners LLC lifted its stake in Honda Motor by 105.0% during the 1st quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock valued at $149,000 after acquiring an additional 2,735 shares during the period. Institutional investors and hedge funds own 2.58% of the company’s stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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