Honda Motor Co., Ltd. (NYSE:HMC) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $34.00.

Several research analysts recently weighed in on HMC shares. Zacks Research upgraded shares of Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. BNP Paribas Exane started coverage on Honda Motor in a research note on Friday, September 18th. They issued a “neutral” rating and a $34.00 price objective for the company. Weiss Ratings raised shares of Honda Motor from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 22nd. Finally, Wall Street Zen upgraded Honda Motor from a “hold” rating to a “buy” rating in a research report on Saturday, September 19th.

Institutional Trading of Honda Motor

Institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of Honda Motor by 4.9% during the third quarter. Fisher Asset Management LLC now owns 8,200,275 shares of the company’s stock worth $259,129,000 after purchasing an additional 379,760 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Honda Motor by 37.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 74,405 shares of the company’s stock valued at $2,351,000 after acquiring an additional 20,284 shares during the last quarter. First Command Advisory Services Inc. lifted its stake in Honda Motor by 414.3% in the third quarter. First Command Advisory Services Inc. now owns 1,260 shares of the company’s stock worth $40,000 after acquiring an additional 1,015 shares during the period. Lido Advisors LLC increased its stake in shares of Honda Motor by 26.2% in the 3rd quarter. Lido Advisors LLC now owns 22,827 shares of the company’s stock worth $721,000 after acquiring an additional 4,738 shares in the last quarter. Finally, Keybank National Association OH raised its stake in shares of Honda Motor by 8.5% in the third quarter. Keybank National Association OH now owns 35,558 shares of the company’s stock worth $1,124,000 after purchasing an additional 2,795 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

Honda Motor Stock Performance

Shares of HMC stock opened at $35.76 on Monday. The stock’s fifty day simple moving average is $32.97 and its 200 day simple moving average is $29.05. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. Honda Motor has a one year low of $23.25 and a one year high of $36.88.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. The firm had revenue of $37.27 billion for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. On average, equities analysts anticipate that Honda Motor will post 2.32 EPS for the current fiscal year.

About Honda Motor

Honda Motor Co, Ltd. is a Japan-based manufacturer of automobiles, motorcycles and other mobility products. Its vehicle lineup includes passenger cars, SUVs and electrified models, while its motorcycle business serves consumers and commercial users in markets around the world.

The company also makes power equipment, marine engines and other products, and provides financial services that support vehicle and equipment sales. Honda’s aviation subsidiary, Honda Aircraft Company, develops and manufactures the HondaJet business aircraft.

Founded in 1948 by Soichiro Honda and Takeo Fujisawa, the company has grown into a global business with operations and customers across Asia, North America, Europe and other regions.