Honda Motor Company, Ltd. (NYSE:HMC) Given “Buy” Rating at Jefferies Group LLC

Honda Motor Company, Ltd. (NYSE:HMC)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group LLC in a research note issued on Friday, July 14th. They presently have a $33.18 price target on the stock. Jefferies Group LLC’s price objective suggests a potential upside of 16.95% from the company’s current price. Jefferies Group also issued estimates for Honda Motor’s Q1 2018 earnings at $0.83 EPS, Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.93 EPS, FY2019 earnings at $3.49 EPS and FY2020 earnings at $3.81 EPS.

Other equities research analysts have also recently issued research reports about the stock. TheStreet cut shares of Honda Motor from a “b-” rating to a “c+” rating in a report on Tuesday, March 21st. J P Morgan Chase & Co cut shares of Honda Motor from an “overweight” rating to a “neutral” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Honda Motor from a “sell” rating to a “hold” rating in a report on Monday, June 5th. Finally, BidaskClub cut shares of Honda Motor from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $33.59.

Honda Motor (NYSE HMC) traded down 1.05% during trading on Friday, reaching $28.37. The company’s stock had a trading volume of 443,381 shares. The company has a 50-day moving average of $27.61 and a 200 day moving average of $29.20. The firm has a market cap of $51.13 billion, a PE ratio of 8.82 and a beta of 1.01. Honda Motor has a one year low of $27.05 and a one year high of $32.17.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.21. Honda Motor had a net margin of 4.58% and a return on equity of 8.59%. The firm had revenue of $3,713 billion for the quarter, compared to analysts’ expectations of $3,525.55 billion. During the same quarter in the prior year, the company posted $96.93 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Honda Motor will post $2.76 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. Dodge & Cox bought a new stake in shares of Honda Motor during the fourth quarter worth about $167,584,000. American Century Companies Inc. increased its stake in shares of Honda Motor by 6.3% in the first quarter. American Century Companies Inc. now owns 4,126,146 shares of the company’s stock worth $124,857,000 after buying an additional 245,350 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Honda Motor by 20.6% in the first quarter. Macquarie Group Ltd. now owns 3,312,903 shares of the company’s stock worth $100,248,000 after buying an additional 566,685 shares in the last quarter. Equity Investment Corp Acquisition Inc increased its stake in shares of Honda Motor by 4.0% in the first quarter. Equity Investment Corp Acquisition Inc now owns 2,929,649 shares of the company’s stock worth $88,651,000 after buying an additional 112,781 shares in the last quarter. Finally, Mondrian Investment Partners LTD increased its stake in shares of Honda Motor by 26.4% in the second quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company’s stock worth $58,167,000 after buying an additional 449,345 shares in the last quarter. Institutional investors own 2.56% of the company’s stock.

About Honda Motor

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.