Honda Motor (NYSE:HMC) Lowered to Equal Weight Rating by Morgan Stanley

Morgan Stanley cut shares of Honda Motor (NYSE:HMC) from an overweight rating to an equal weight rating in a research report report published on Wednesday, Marketbeat.com reports.

HMC has been the subject of several other research reports. Nomura raised Honda Motor to a “strong-buy” rating in a research report on Tuesday, December 9th. BNP Paribas Exane initiated coverage on Honda Motor in a research report on Thursday, February 12th. They issued an “underperform” rating and a $25.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Honda Motor in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $25.00.

Honda Motor Trading Down 1.3%

Shares of HMC stock opened at $27.54 on Wednesday. The stock has a market cap of $42.98 billion, a P/E ratio of 10.97, a P/E/G ratio of 1.54 and a beta of 0.37. The company has a quick ratio of 1.09, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. Honda Motor has a fifty-two week low of $24.56 and a fifty-two week high of $34.89. The business has a fifty day simple moving average of $30.23 and a 200-day simple moving average of $30.94.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.52 by $0.24. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. The business had revenue of $34.65 billion for the quarter, compared to analyst estimates of $33.34 billion. Honda Motor has set its FY 2026 guidance at 1.462-1.462 EPS. On average, 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 and hedge funds have recently modified their holdings of the stock. Auto Owners Insurance Co boosted its holdings in Honda Motor by 5,004.4% in the 4th quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after acquiring an additional 8,414,952 shares during the period. Mondrian Investment Partners LTD purchased a new stake in Honda Motor during the 3rd quarter worth approximately $136,637,000. Bank of America Corp DE raised its position in shares of Honda Motor by 34.8% in the 3rd quarter. Bank of America Corp DE now owns 4,200,280 shares of the company’s stock valued at $129,369,000 after purchasing an additional 1,083,245 shares in the last quarter. Donald Smith & CO. Inc. increased its stake in shares of Honda Motor by 28.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 2,648,828 shares of the company’s stock worth $78,087,000 after buying an additional 590,128 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Honda Motor in the second quarter valued at $12,987,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Company Profile

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.