Honda Motor (NYSE:HMC) – Stock analysts at Jefferies Group decreased their FY2018 earnings per share estimates for shares of Honda Motor in a research note issued on Wednesday, April 11th. Jefferies Group analyst T. Nakanishi now forecasts that the company will earn $5.23 per share for the year, down from their prior estimate of $5.25. Jefferies Group has a “Buy” rating and a $42.00 price target on the stock. Jefferies Group also issued estimates for Honda Motor’s FY2019 earnings at $3.81 EPS and FY2020 earnings at $4.40 EPS.
A number of other analysts have also issued reports on the company. UBS upgraded Honda Motor from a “neutral” rating to a “buy” rating in a report on Tuesday, March 27th. Zacks Investment Research upgraded Honda Motor from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday, March 7th. ValuEngine upgraded Honda Motor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Credit Suisse Group upgraded Honda Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase upgraded Honda Motor from a “neutral” rating to an “overweight” rating in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Honda Motor presently has an average rating of “Buy” and a consensus price target of $40.50.
Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Friday, February 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.33. The firm had revenue of $3,957.12 billion during the quarter, compared to analyst estimates of $3,725.76 billion. Honda Motor had a return on equity of 8.71% and a net margin of 6.88%. Honda Motor’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $93.67 earnings per share.
A number of institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA lifted its holdings in Honda Motor by 25.6% during the fourth quarter. Glenmede Trust Co. NA now owns 7,313 shares of the company’s stock worth $248,000 after buying an additional 1,491 shares during the period. Wetherby Asset Management Inc. lifted its holdings in Honda Motor by 5.8% during the fourth quarter. Wetherby Asset Management Inc. now owns 30,368 shares of the company’s stock worth $1,035,000 after buying an additional 1,661 shares during the period. Signaturefd LLC lifted its holdings in Honda Motor by 25.0% during the fourth quarter. Signaturefd LLC now owns 8,506 shares of the company’s stock worth $290,000 after buying an additional 1,700 shares during the period. Neuberger Berman Group LLC lifted its holdings in Honda Motor by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 31,600 shares of the company’s stock worth $934,000 after buying an additional 1,823 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Honda Motor by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 704,373 shares of the company’s stock worth $20,821,000 after buying an additional 2,000 shares during the period. Institutional investors own 2.11% of the company’s stock.
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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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