Honda Motor Co., Ltd. (NYSE:HMC) Receives $25.00 Average Target Price from Brokerages

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have received a consensus recommendation of “Reduce” from the seven analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $25.00.

A number of research analysts recently issued reports on the company. Wall Street Zen lowered Honda Motor from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Zacks Research lowered Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. BNP Paribas Exane assumed coverage on Honda Motor in a report on Thursday, February 12th. They set an “underperform” rating and a $25.00 target price on the stock. Weiss Ratings lowered Honda Motor from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Finally, Morgan Stanley lowered Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Honda Motor in the 3rd quarter worth about $26,000. WealthCollab LLC lifted its stake in Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after acquiring an additional 365 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Honda Motor in the 2nd quarter worth about $29,000. Sound Income Strategies LLC acquired a new position in Honda Motor in the 4th quarter worth about $33,000. Finally, Lodestone Wealth Management LLC acquired a new position in Honda Motor in the 4th quarter worth about $32,000. 5.32% of the stock is owned by institutional investors and hedge funds.

Honda Motor Stock Performance

NYSE:HMC opened at $25.01 on Thursday. The firm’s 50 day moving average is $27.01 and its two-hundred day moving average is $29.21. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. The company has a market cap of $39.03 billion, a P/E ratio of 9.96 and a beta of 0.43. Honda Motor has a fifty-two week low of $23.25 and a fifty-two week high of $34.89.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Wednesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.24. The business had revenue of $29.99 billion during the quarter, compared to analysts’ expectations of $33.34 billion. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. Analysts expect that Honda Motor will post 3.99 EPS for the current year.

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.