Credit Suisse Group upgraded shares of Honda Motor (NYSE:HMC) from a neutral rating to an outperform rating in a report issued on Tuesday morning.
Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Honda Motor from a hold rating to a buy rating and set a $37.00 price objective on the stock in a report on Tuesday, December 12th. UBS Group upgraded shares of Honda Motor from an underweight rating to a neutral rating in a report on Friday, November 17th. ValuEngine upgraded shares of Honda Motor from a hold rating to a buy rating in a report on Thursday, November 9th. Finally, JPMorgan Chase & Co. upgraded shares of Honda Motor from a neutral rating to an overweight rating in a report on Thursday, February 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $36.68.
Honda Motor (NYSE HMC) opened at $35.59 on Tuesday. Honda Motor has a fifty-two week low of $27.05 and a fifty-two week high of $37.29. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $64,340.00, a price-to-earnings ratio of 6.48, a PEG ratio of 1.23 and a beta of 1.09.
Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.78 by $0.33. Honda Motor had a return on equity of 8.71% and a net margin of 6.88%. The business had revenue of $3,957.12 billion for the quarter, compared to analyst estimates of $3,725.76 billion. During the same quarter in the previous year, the firm earned $93.67 EPS. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. research analysts expect that Honda Motor will post 5.2 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Glenmede Trust Co. NA raised its holdings in Honda Motor by 25.6% in the 4th quarter. Glenmede Trust Co. NA now owns 7,313 shares of the company’s stock valued at $248,000 after buying an additional 1,491 shares during the period. Wetherby Asset Management Inc. grew its position in Honda Motor by 5.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 30,368 shares of the company’s stock valued at $1,035,000 after acquiring an additional 1,661 shares in the last quarter. Signaturefd LLC grew its position in Honda Motor by 25.0% in the 4th quarter. Signaturefd LLC now owns 8,506 shares of the company’s stock valued at $290,000 after acquiring an additional 1,700 shares in the last quarter. Neuberger Berman Group LLC grew its position in Honda Motor by 6.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 31,600 shares of the company’s stock valued at $934,000 after acquiring an additional 1,823 shares in the last quarter. Finally, ETRADE Capital Management LLC grew its position in Honda Motor by 13.5% in the 3rd quarter. ETRADE Capital Management LLC now owns 16,571 shares of the company’s stock valued at $490,000 after acquiring an additional 1,972 shares in the last quarter. Hedge funds and other institutional investors own 2.20% of the company’s stock.
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Honda Motor Company Profile
Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.
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