Shares of Honda Motor (NYSE:HMC) have earned a consensus rating of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $40.50.
Several analysts have recently weighed in on HMC shares. Credit Suisse Group raised shares of Honda Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 20th. JPMorgan Chase raised shares of Honda Motor from a “neutral” rating to an “overweight” rating in a report on Thursday, February 15th. Zacks Investment Research lowered shares of Honda Motor from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. UBS raised shares of Honda Motor from a “neutral” rating to a “buy” rating in a report on Tuesday, March 27th. Finally, Jefferies Group set a $43.00 price target on shares of Honda Motor and gave the company a “buy” rating in a report on Thursday, March 1st.
Several institutional investors have recently modified their holdings of HMC. Dimensional Fund Advisors LP increased its holdings in shares of Honda Motor by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 704,373 shares of the company’s stock valued at $20,821,000 after purchasing an additional 2,000 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of Honda Motor by 6.1% in the third quarter. Neuberger Berman Group LLC now owns 31,600 shares of the company’s stock valued at $934,000 after purchasing an additional 1,823 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Honda Motor by 19.2% in the third quarter. Parametric Portfolio Associates LLC now owns 1,061,832 shares of the company’s stock valued at $31,388,000 after purchasing an additional 170,958 shares in the last quarter. Sawyer & Company Inc acquired a new stake in shares of Honda Motor in the fourth quarter valued at approximately $988,000. Finally, Regentatlantic Capital LLC acquired a new stake in shares of Honda Motor in the fourth quarter valued at approximately $274,000. 2.12% of the stock is owned by institutional investors and hedge funds.
Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Friday, February 2nd. The company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.33. The company had revenue of $3,957.12 billion during the quarter, compared to analyst estimates of $3,725.76 billion. Honda Motor had a net margin of 6.88% and a return on equity of 8.71%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business posted $93.67 earnings per share. equities analysts predict that Honda Motor will post 5.35 earnings per share for the current year.
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Honda Motor Company Profile
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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