Honda Motor (HMC) Stock Rating Upgraded by JPMorgan Chase & Co.

Honda Motor (NYSE:HMC) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Thursday, February 15th, reports.

A number of other equities research analysts have also commented on HMC. Zacks Investment Research upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. ValuEngine raised Honda Motor from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, UBS Group raised Honda Motor from an “underweight” rating to a “neutral” rating in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.68.

Honda Motor (NYSE HMC) traded up $0.59 during trading on Thursday, reaching $36.16. The company’s stock had a trading volume of 1,166,723 shares, compared to its average volume of 802,225. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.25. The firm has a market cap of $64,770.00, a PE ratio of 6.58, a price-to-earnings-growth ratio of 1.22 and a beta of 1.09. Honda Motor has a 12-month low of $27.05 and a 12-month high of $37.29.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Friday, February 2nd. The company reported $1.11 earnings per share for the quarter, beating 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 company had revenue of $3,957.12 billion for the quarter, compared to analyst estimates of $3,725.76 billion. During the same period in the prior year, the company posted $93.67 EPS. The company’s revenue was up 13.0% compared to the same quarter last year. sell-side analysts expect that Honda Motor will post 5.2 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Opus Capital Group LLC bought a new position in Honda Motor during the 4th quarter worth about $205,000. Advisory Services Network LLC grew its holdings in shares of Honda Motor by 3,178.2% in the 4th quarter. Advisory Services Network LLC now owns 6,163 shares of the company’s stock valued at $210,000 after acquiring an additional 5,975 shares in the last quarter. River Road Asset Management LLC bought a new position in shares of Honda Motor in the 4th quarter valued at about $216,000. American Trust Investment Advisors LLC bought a new position in shares of Honda Motor in the 4th quarter valued at about $223,000. Finally, Raymond James Trust N.A. bought a new position in shares of Honda Motor in the 3rd quarter valued at about $204,000. 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.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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