Honda Motor (NYSE:HMC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The brokerage currently has a $39.00 price target on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 11.62% from the stock’s previous close.
According to Zacks, “In third quarter of fiscal 2018 (ended Dec 31, 2017), Honda reported better-than-expected earnings. Revenues also came in higher than expectation. Honda’s shares outperformed the industry it belongs to over the past six months. Through the Vision 2030 strategy plan, the company is focusing on strategies to boost coordination between research and development as well as procurement and manufacturing of its products. The company is undertaking frequent collaborations to expand its business. The company has been recalling vehicles frequently over the last few years. Moreover, it has been facing a rise in R&D expenses and unfavorable foreign currency translation issues.”
Other research analysts also recently issued reports about the company. ValuEngine raised Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised Honda Motor from a “neutral” rating to an “overweight” rating in a research note on Thursday, February 15th. Jefferies Group set a $43.00 price objective on Honda Motor and gave the company a “buy” rating in a research note on Thursday, March 1st. UBS Group raised Honda Motor from an “underweight” rating to a “neutral” rating in a research note on Friday, November 17th. Finally, Credit Suisse Group raised Honda Motor from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $41.00.
Shares of Honda Motor (NYSE:HMC) opened at $34.94 on Wednesday. Honda Motor has a one year low of $27.05 and a one year high of $37.29. 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 capitalization of $63,001.46, a PE ratio of 6.73, a PEG ratio of 1.05 and a beta of 1.01.
Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, February 2nd. The company reported $1.11 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $3,725.76 billion. During the same period last year, the business earned $93.67 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. equities research analysts anticipate that Honda Motor will post 5.47 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the stock. American Century Companies Inc. raised its stake in shares of Honda Motor by 0.6% in the 4th quarter. American Century Companies Inc. now owns 5,369,577 shares of the company’s stock valued at $182,995,000 after acquiring an additional 33,956 shares in the last quarter. Schafer Cullen Capital Management Inc. grew its holdings in Honda Motor by 1.8% in the 4th quarter. Schafer Cullen Capital Management Inc. now owns 1,174,154 shares of the company’s stock valued at $40,015,000 after buying an additional 21,013 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in Honda Motor by 19.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,061,832 shares of the company’s stock valued at $31,388,000 after buying an additional 170,958 shares during the last quarter. Aperio Group LLC grew its holdings in Honda Motor by 15.7% in the 4th quarter. Aperio Group LLC now owns 1,053,110 shares of the company’s stock valued at $35,890,000 after buying an additional 143,183 shares during the last quarter. Finally, Orbis Allan Gray Ltd grew its holdings in Honda Motor by 25.8% in the 4th quarter. Orbis Allan Gray Ltd now owns 725,351 shares of the company’s stock valued at $24,720,000 after buying an additional 148,615 shares during the last quarter. 2.03% of the stock is currently owned by institutional investors and hedge funds.
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.
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