Honda Motor Co., Ltd. (NYSE:HMC) Receives Consensus Rating of “Hold” from Brokerages

Honda Motor Co., Ltd. (NYSE:HMC) has earned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

HMC has been the topic of a number of recent analyst reports. Zacks Research raised Honda Motor from a “strong sell” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Honda Motor in a research note on Monday, December 29th. Finally, Nomura upgraded Honda Motor to a “strong-buy” rating in a report on Tuesday, December 9th.

Honda Motor Trading Up 1.3%

NYSE:HMC opened at $30.73 on Friday. Honda Motor has a 52 week low of $24.56 and a 52 week high of $34.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.13 and a current ratio of 1.41. The firm’s fifty day moving average is $30.18 and its 200-day moving average is $31.40. The firm has a market cap of $47.96 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.21 and a beta of 0.37.

Honda Motor (NYSE:HMC) last released its earnings results on Friday, November 7th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.08). The firm had revenue of $34.71 billion during the quarter, compared to analyst estimates of $35.95 billion. Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. Equities analysts expect that Honda Motor will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Honda Motor

A number of large investors have recently bought and sold shares of HMC. QRG Capital Management Inc. raised its holdings in Honda Motor by 12.3% during the fourth quarter. QRG Capital Management Inc. now owns 131,139 shares of the company’s stock worth $3,866,000 after buying an additional 14,339 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Honda Motor by 11.0% during the fourth quarter. Truist Financial Corp now owns 8,593 shares of the company’s stock valued at $253,000 after buying an additional 849 shares during the last quarter. Mutual Advisors LLC bought a new stake in shares of Honda Motor during the fourth quarter worth about $307,000. Keybank National Association OH raised its holdings in shares of Honda Motor by 24.7% in the 4th quarter. Keybank National Association OH now owns 8,283 shares of the company’s stock worth $244,000 after acquiring an additional 1,638 shares during the last quarter. Finally, Cadence Bank raised its holdings in shares of Honda Motor by 1.6% in the 4th quarter. Cadence Bank now owns 117,801 shares of the company’s stock worth $3,473,000 after acquiring an additional 1,874 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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.