Honda Motor Co Ltd (HMC) Earns Buy Rating from Jefferies Group LLC

Honda Motor Co Ltd (HMC) Earns Buy Rating from Jefferies Group LLC

HMC has been the topic of a number of other research reports. TheStreet cut Honda Motor Co from a b- rating to a c+ rating in a research note on Tuesday, March 21st. Zacks Investment Research cut Honda Motor Co from a strong-buy rating to a hold rating in a research note on Tuesday, April 4th. Finally, Macquarie upgraded Honda Motor Co from a neutral rating to an outperform rating in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $34.50.

Jefferies Group LLC reiterated their buy rating on shares of Honda Motor Co Ltd (NYSE:HMC) in a report issued on Friday morning. Jefferies Group LLC currently has a $35.00 price target on the stock.

Honda Motor Co (NYSE:HMC) opened at 27.79 on Friday. Honda Motor Co has a 52-week low of $24.03 and a 52-week high of $32.17. The stock has a 50 day moving average of $28.42 and a 200-day moving average of $29.84. The company has a market cap of $50.09 billion, a price-to-earnings ratio of 9.03 and a beta of 1.16.

Honda Motor Co (NYSE:HMC) last announced its quarterly earnings data on Friday, April 28th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.26. Honda Motor Co had a return on equity of 6.32% and a net margin of 3.17%. The company had revenue of $3,763.40 billion for the quarter, compared to analysts’ expectations of $3,670.98 billion. During the same quarter in the prior year, the business posted ($51.85) EPS. The business’s revenue was up 2.9% compared to the same quarter last year. On average, analysts forecast that Honda Motor Co will post $2.76 EPS for the current year.

A number of large investors have recently bought and sold shares of HMC. O Shaughnessy Asset Management LLC boosted its stake in Honda Motor Co by 174.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,437 shares of the company’s stock worth $100,000 after buying an additional 2,183 shares during the period. IFP Advisors Inc boosted its stake in Honda Motor Co by 2.6% in the first quarter. IFP Advisors Inc now owns 4,313 shares of the company’s stock worth $131,000 after buying an additional 108 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Honda Motor Co by 22.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company’s stock worth $145,000 after buying an additional 883 shares during the period. Proficio Capital Partners LLC boosted its stake in Honda Motor Co by 105.0% in the first quarter. Proficio Capital Partners LLC now owns 5,339 shares of the company’s stock worth $149,000 after buying an additional 2,735 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Honda Motor Co during the first quarter worth $157,000. Institutional investors and hedge funds own 3.04% of the company’s stock.

About Honda Motor Co

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HMC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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