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

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have been given a consensus recommendation of “Reduce” by the five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company.

HMC has been the topic of several recent analyst reports. Dbs Bank cut shares of Honda Motor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 14th. Zacks Research cut shares of Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. Macquarie cut shares of Honda Motor from an “outperform” rating to a “neutral” rating in a report on Wednesday, June 25th. Finally, Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th.

Honda Motor Price Performance

Shares of HMC stock opened at $34.32 on Wednesday. The company has a market capitalization of $53.57 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.14 and a beta of 0.52. The firm has a fifty day simple moving average of $32.18 and a 200-day simple moving average of $30.07. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Honda Motor has a twelve month low of $23.41 and a twelve month high of $34.70.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.46. The business had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. Equities research analysts anticipate that Honda Motor will post 3.99 earnings per share for the current fiscal year.

Institutional Trading of Honda Motor

Several institutional investors have recently added to or reduced their stakes in HMC. Northern Trust Corp raised its holdings in Honda Motor by 69.9% in the fourth quarter. Northern Trust Corp now owns 1,099,698 shares of the company’s stock valued at $31,396,000 after acquiring an additional 452,624 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Honda Motor during the fourth quarter worth $1,228,000. BNP Paribas Financial Markets raised its holdings in shares of Honda Motor by 160.9% during the fourth quarter. BNP Paribas Financial Markets now owns 6,549 shares of the company’s stock worth $187,000 after purchasing an additional 4,039 shares during the period. Bank of America Corp DE raised its holdings in shares of Honda Motor by 6.9% during the fourth quarter. Bank of America Corp DE now owns 1,255,537 shares of the company’s stock worth $35,846,000 after purchasing an additional 81,548 shares during the period. Finally, Baird Financial Group Inc. raised its holdings in shares of Honda Motor by 32.3% during the fourth quarter. Baird Financial Group Inc. now owns 123,262 shares of the company’s stock worth $3,519,000 after purchasing an additional 30,119 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.