Honda Motor Co., Ltd. (NYSE:HMC) Given Consensus Recommendation of “Hold” by Brokerages

Honda Motor Co., Ltd. (NYSE:HMC) has received a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company.

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

Honda Motor Stock Performance

Shares of NYSE HMC opened at $30.90 on Tuesday. The firm has a market capitalization of $48.23 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.23 and a beta of 0.38. Honda Motor has a one year low of $24.56 and a one year high of $34.89. The business has a fifty day simple moving average of $29.94 and a 200 day simple moving average of $31.35. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.66.

Honda Motor (NYSE:HMC) last announced its quarterly 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 business had revenue of $34.71 billion during the quarter, compared to the consensus estimate of $35.95 billion. Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. Sell-side analysts expect that Honda Motor will post 3.99 EPS for the current year.

Institutional Investors Weigh In On Honda Motor

Several institutional investors and hedge funds have recently made changes to their positions in HMC. WealthCollab LLC increased its position in shares of Honda Motor by 66.2% during the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock worth $26,000 after purchasing an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Honda Motor during the third quarter worth about $26,000. Hazlett Burt & Watson Inc. increased its holdings in shares of Honda Motor by 1,105.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock worth $27,000 after buying an additional 873 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Honda Motor during the second quarter worth approximately $29,000. Finally, NewSquare Capital LLC raised its stake in shares of Honda Motor by 99.8% in the second quarter. NewSquare Capital LLC now owns 1,065 shares of the company’s stock valued at $31,000 after acquiring an additional 532 shares during the last quarter. Institutional investors and hedge funds 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.