Honda Motor (NYSE:HMC) Cut to “Equal Weight” at Morgan Stanley

Honda Motor (NYSE:HMC) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research note issued on Wednesday, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on HMC. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Honda Motor in a research report on Monday, December 29th. Nomura raised shares of Honda Motor to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, BNP Paribas Exane initiated coverage on Honda Motor in a research report on Thursday, February 12th. They set an “underperform” rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $25.00.

Honda Motor Trading Down 1.4%

Shares of HMC traded down $0.40 during mid-day trading on Wednesday, reaching $27.50. 1,195,105 shares of the company’s stock traded hands, compared to its average volume of 1,213,299. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.36 and a quick ratio of 1.09. The stock’s 50-day moving average is $30.27 and its two-hundred day moving average is $30.96. Honda Motor has a 12 month low of $24.56 and a 12 month high of $34.89. The stock has a market cap of $42.92 billion, a P/E ratio of 10.96, a P/E/G ratio of 1.53 and a beta of 0.37.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.52 by $0.24. Honda Motor had a net margin of 2.34% and a return on equity of 4.01%. The company had revenue of $34.65 billion for the quarter, compared to the consensus estimate of $33.34 billion. Honda Motor has set its FY 2026 guidance at 1.462-1.462 EPS. Research analysts forecast that Honda Motor will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

Institutional investors and hedge funds have recently modified their holdings of the stock. WealthCollab LLC boosted its holdings in Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after purchasing an additional 365 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Honda Motor in the third quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. purchased a new position in Honda Motor during the 2nd quarter worth $29,000. Lodestone Wealth Management LLC acquired a new stake in shares of Honda Motor during the fourth quarter worth about $32,000. Finally, Sound Income Strategies LLC purchased a new position in shares of Honda Motor during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a global manufacturer and mobility company headquartered in Minato, Tokyo, Japan, founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company’s core businesses include the design, manufacture and sale of automobiles and motorcycles, along with a diverse portfolio of power products, engines and related components. Honda also operates in aviation through Honda Aircraft Company and offers financial services that support vehicle sales and leasing.

In automobiles, Honda is known for a range of passenger cars, crossovers and light trucks, and in motorcycles it is one of the world’s leading producers by volume and model breadth.