Honda Motor (NYSE:HMC) Now Covered by BNP Paribas Exane

BNP Paribas Exane initiated coverage on shares of Honda Motor (NYSE:HMC) in a research note issued on Friday, Briefing.com reports. The brokerage set a “neutral” rating and a $34.00 price target on the stock. BNP Paribas Exane’s price objective suggests a potential upside of 4.44% from the company’s current price.

Several other analysts also recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Honda Motor in a report on Monday, August 31st. Zacks Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.00.

Honda Motor Stock Up 1.4%

HMC opened at $32.55 on Friday. The company has a market capitalization of $50.81 billion, a PE ratio of -46.51 and a beta of 0.44. The business has a 50-day moving average of $30.86 and a 200-day moving average of $27.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.29 and a quick ratio of 1.04. Honda Motor has a fifty-two week low of $23.25 and a fifty-two week high of $34.16.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The company had revenue of $37.27 billion during the quarter. Equities research analysts forecast that Honda Motor will post 2.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Auto Owners Insurance Co grew its holdings in shares of Honda Motor by 5,004.4% during the fourth quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after purchasing an additional 8,414,952 shares during the last quarter. Donald Smith & CO. Inc. bought a new stake in Honda Motor during the 2nd quarter worth about $109,593,000. BlackRock Inc. increased its position in Honda Motor by 35.2% in the 2nd quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock valued at $72,004,000 after acquiring an additional 691,165 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Honda Motor by 1,421.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 416,848 shares of the company’s stock valued at $12,289,000 after acquiring an additional 389,442 shares in the last quarter. Finally, XY Capital Ltd bought a new position in shares of Honda Motor in the second quarter worth about $7,032,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.

Honda’s automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.