Brokerages Set Honda Motor Co., Ltd. (NYSE:HMC) Price Target at $25.00

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.00.

HMC has been the subject of a number of research analyst reports. BNP Paribas Exane began coverage on Honda Motor in a research report on Friday. They set a “neutral” rating and a $34.00 price objective for the company. Zacks Research upgraded Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Wall Street Zen raised Honda Motor from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Honda Motor in a research note on Monday, August 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its stake in Honda Motor by 1.7% during the second quarter. Sequoia Financial Advisors LLC now owns 52,013 shares of the company’s stock valued at $1,410,000 after purchasing an additional 846 shares in the last quarter. Engineers Gate Manager LP grew its stake in shares of Honda Motor by 44.5% in the 2nd quarter. Engineers Gate Manager LP now owns 35,520 shares of the company’s stock worth $963,000 after buying an additional 10,940 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Honda Motor by 25.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 21,437 shares of the company’s stock worth $581,000 after buying an additional 4,402 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Honda Motor by 1.7% in the 2nd quarter. Baird Financial Group Inc. now owns 131,446 shares of the company’s stock worth $3,564,000 after buying an additional 2,149 shares during the last quarter. Finally, Kintra Wealth LLC purchased a new stake in shares of Honda Motor during the 2nd quarter valued at about $198,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Price Performance

HMC stock opened at $32.23 on Friday. Honda Motor has a one year low of $23.25 and a one year high of $34.16. The company’s fifty day moving average price is $30.95 and its 200-day moving average price is $27.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.29. The company has a market capitalization of $50.30 billion, a PE ratio of -46.04 and a beta of 0.44.

Honda Motor (NYSE:HMC) last posted its earnings results on Wednesday, July 1st. The company reported $2.14 earnings per share for the quarter. The company had revenue of $37.27 billion during the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. On average, equities analysts anticipate that Honda Motor will post 2.11 EPS for the current fiscal year.

About Honda Motor

Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.

Honda’s automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.