Honda Motor’s (HMC) Buy Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Honda Motor Company, Ltd. (NYSE:HMC) in a research report released on Friday. The brokerage currently has a $36.36 price objective on the stock. Jefferies Group also issued estimates for Honda Motor’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.95 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $3.10 EPS and FY2020 earnings at $4.07 EPS.

A number of other equities research analysts have also weighed in on HMC. BidaskClub lowered shares of Honda Motor from a sell rating to a strong sell rating in a report on Thursday, June 22nd. J P Morgan Chase & Co lowered shares of Honda Motor from an overweight rating to a neutral rating in a report on Wednesday, July 5th. Nomura upgraded shares of Honda Motor from a reduce rating to a neutral rating in a report on Tuesday, August 1st. Instinet upgraded shares of Honda Motor from a reduce rating to a neutral rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of Honda Motor from a hold rating to a strong-buy rating and set a $32.00 price objective for the company in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Honda Motor currently has a consensus rating of Hold and an average price target of $34.18.

Shares of Honda Motor (HMC) traded up 0.27% during trading on Friday, reaching $30.26. 446,665 shares of the company traded hands. The stock has a market capitalization of $54.54 billion, a PE ratio of 9.10 and a beta of 1.03. The firm’s 50-day moving average is $29.28 and its 200-day moving average is $28.45. Honda Motor has a 12-month low of $27.05 and a 12-month high of $32.17.

Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The business had revenue of $3,713 billion during the quarter, compared to analyst estimates of $3,525.55 billion. During the same period in the previous year, the business posted $96.93 earnings per share. Honda Motor’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts predict that Honda Motor will post $2.76 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its stake in shares of Honda Motor by 35.3% in the second quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock worth $152,872,000 after buying an additional 1,455,144 shares during the period. Brandes Investment Partners LP increased its stake in shares of Honda Motor by 7.5% in the second quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock worth $107,247,000 after buying an additional 271,870 shares during the period. Macquarie Group Ltd. increased its stake in shares of Honda Motor by 15.0% in the second quarter. Macquarie Group Ltd. now owns 3,809,248 shares of the company’s stock worth $104,335,000 after buying an additional 496,345 shares during the period. Renaissance Technologies LLC increased its stake in shares of Honda Motor by 11.8% in the second quarter. Renaissance Technologies LLC now owns 2,876,703 shares of the company’s stock worth $78,793,000 after buying an additional 302,703 shares during the period. Finally, Mondrian Investment Partners LTD increased its stake in shares of Honda Motor by 26.4% in the second quarter. Mondrian Investment Partners LTD now owns 2,154,333 sha

A number of other equities research analysts have also weighed in on HMC. BidaskClub lowered shares of Honda Motor from a sell rating to a strong sell rating in a report on Thursday, June 22nd. J P Morgan Chase & Co lowered shares of Honda Motor from an overweight rating to a neutral rating in a report on Wednesday, July 5th. Nomura upgraded shares of Honda Motor from a reduce rating to a neutral rating in a report on Tuesday, August 1st. Instinet upgraded shares of Honda Motor from a reduce rating to a neutral rating in a report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded shares of Honda Motor from a hold rating to a strong-buy rating and set a $32.00 price objective for the company in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Honda Motor currently has a consensus rating of Hold and an average price target of $34.18.

Shares of Honda Motor (HMC) traded up 0.27% during trading on Friday, reaching $30.26. 446,665 shares of the company traded hands. The stock has a market capitalization of $54.54 billion, a PE ratio of 9.10 and a beta of 1.03. The firm’s 50-day moving average is $29.28 and its 200-day moving average is $28.45. Honda Motor has a 12-month low of $27.05 and a 12-month high of $32.17.

Honda Motor (NYSE:HMC) last announced its earnings results on Tuesday, August 1st. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.21. Honda Motor had a net margin of 4.58% and a return on equity of 8.57%. The business had revenue of $3,713 billion during the quarter, compared to analyst estimates of $3,525.55 billion. During the same period in the previous year, the business posted $96.93 earnings per share. Honda Motor’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities analysts predict that Honda Motor will post $2.76 earnings per share for the current fiscal year.

WARNING: This story was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/14/honda-motors-hmc-buy-rating-reaffirmed-at-jefferies-group-llc.html.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its stake in shares of Honda Motor by 35.3% in the second quarter. American Century Companies Inc. now owns 5,581,290 shares of the company’s stock worth $152,872,000 after buying an additional 1,455,144 shares during the period. Brandes Investment Partners LP increased its stake in shares of Honda Motor by 7.5% in the second quarter. Brandes Investment Partners LP now owns 3,915,546 shares of the company’s stock worth $107,247,000 after buying an additional 271,870 shares during the period. Macquarie Group Ltd. increased its stake in shares of Honda Motor by 15.0% in the second quarter. Macquarie Group Ltd. now owns 3,809,248 shares of the company’s stock worth $104,335,000 after buying an additional 496,345 shares during the period. Renaissance Technologies LLC increased its stake in shares of Honda Motor by 11.8% in the second quarter. Renaissance Technologies LLC now owns 2,876,703 shares of the company’s stock worth $78,793,000 after buying an additional 302,703 shares during the period. Finally, Mondrian Investment Partners LTD increased its stake in shares of Honda Motor by 26.4% in the second quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company’s stock worth $58,167,000 after buying an additional 449,345 shares during the period. 2.58% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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