Honda Motor (NYSE:HMC) Rating Increased to Buy at Deutsche Bank

Honda Motor (NYSE:HMC) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat reports.

A number of other equities analysts have also recently issued reports on HMC. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. ValuEngine upgraded Honda Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Nomura upgraded Honda Motor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 19th. Finally, TheStreet cut Honda Motor from a “b” rating to a “c+” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.00.

Shares of HMC stock opened at $25.64 on Tuesday. The company has a market cap of $46.16 billion, a PE ratio of 8.57, a P/E/G ratio of 0.98 and a beta of 0.98. Honda Motor has a 52 week low of $24.43 and a 52 week high of $32.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.96.



Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.53 by ($0.60). The company had revenue of $4,049.10 billion for the quarter, compared to analyst estimates of $4,011.69 billion. Honda Motor had a return on equity of 6.97% and a net margin of 3.92%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $60.59 EPS. On average, sell-side analysts expect that Honda Motor will post 3.66 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of HMC. Horan Capital Advisors LLC. bought a new position in shares of Honda Motor in the 1st quarter worth $27,000. Truvestments Capital LLC bought a new position in Honda Motor during the 1st quarter valued at $31,000. Covenant Multifamily Offices LLC bought a new position in Honda Motor during the 1st quarter valued at $33,000. Capital Investment Advisory Services LLC bought a new position in Honda Motor during the 4th quarter valued at $34,000. Finally, Cornerstone Advisors Inc. lifted its stake in Honda Motor by 59.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,262 shares of the company’s stock valued at $34,000 after acquiring an additional 471 shares in the last quarter. Institutional investors own 2.08% of the company’s stock.

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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