Honda Motor (NYSE:HMC) Reaches New 12-Month Low – Here’s Why

Honda Motor Co., Ltd. (NYSE:HMC)’s share price reached a new 52-week low on Thursday . The stock traded as low as $24.35 and last traded at $24.4060, with a volume of 34846 shares traded. The stock had previously closed at $24.81.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BNP Paribas Exane assumed coverage on Honda Motor in a research note on Thursday, February 12th. They set an “underperform” rating and a $25.00 price objective for the company. Wall Street Zen cut shares of Honda Motor from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. Nomura raised shares of Honda Motor to a “strong-buy” rating in a research report on Tuesday, December 9th. Morgan Stanley cut shares of Honda Motor from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.00.

Honda Motor Trading Down 1.0%

The company has a current ratio of 1.36, a quick ratio of 1.09 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $38.34 billion, a PE ratio of 9.79 and a beta of 0.37. The stock has a 50 day moving average price of $29.82 and a 200-day moving average price of $30.64.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Tuesday, February 10th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.24. The company had revenue of $29.99 billion during the quarter, compared to analysts’ expectations of $33.34 billion. Honda Motor had a return on equity of 4.01% and a net margin of 2.34%.Honda Motor has set its FY 2026 guidance at 1.462-1.462 EPS. Sell-side analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Honda Motor

A number of hedge funds have recently modified their holdings of the business. Auto Owners Insurance Co increased its position in Honda Motor by 5,004.4% in the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after buying an additional 8,414,952 shares in the last quarter. Mondrian Investment Partners LTD purchased a new position in Honda Motor during the third quarter valued at approximately $136,637,000. Bank of America Corp DE lifted its holdings in Honda Motor by 34.8% during the third 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 purchasing an additional 590,128 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Honda Motor in the second quarter worth $12,987,000. 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.