Honda Motor (NYSE:HMC) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Honda Motor (NYSE:HMC) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on HMC. Nomura upgraded shares of Honda Motor to a “strong-buy” rating in a report on Tuesday, December 9th. Wall Street Zen downgraded shares of Honda Motor from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Morgan Stanley downgraded shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. BNP Paribas Exane started coverage on shares of Honda Motor in a report on Thursday, February 12th. They set an “underperform” rating and a $25.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.00.

Honda Motor Price Performance

Shares of HMC opened at $24.47 on Monday. The company has a market cap of $38.19 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.85 and a beta of 0.43. Honda Motor has a 1-year low of $23.25 and a 1-year high of $34.89. The company’s fifty day simple moving average is $27.95 and its 200 day simple moving average is $29.63. The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.24. The business had revenue of $29.99 billion for the quarter, compared to the consensus estimate of $33.34 billion. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. On average, research analysts forecast that Honda Motor will post 3.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Honda Motor in the third quarter valued at about $26,000. WealthCollab LLC lifted its position in Honda Motor by 66.2% during 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. Newbridge Financial Services Group Inc. bought a new stake in Honda Motor during the second quarter worth about $29,000. Sound Income Strategies LLC bought a new stake in Honda Motor during the fourth quarter worth about $33,000. Finally, Lodestone Wealth Management LLC bought a new stake in Honda Motor during the fourth quarter worth about $32,000. 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.