Analysts Set Honda Motor Co., Ltd. (NYSE:HMC) Price Target at $29.00

Shares of Honda Motor Co., Ltd. (NYSE:HMC) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $29.00.

Separately, Zacks Investment Research lowered Honda Motor from a “strong-buy” rating to a “hold” rating and set a $29.00 price objective on the stock. in a research note on Wednesday, January 27th.

HMC opened at $29.92 on Monday. The firm has a market cap of $51.66 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 0.59 and a beta of 0.92. Honda Motor has a 52-week low of $20.76 and a 52-week high of $31.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.02 and a current ratio of 1.30. The business’s fifty day moving average is $29.62 and its 200-day moving average is $27.72.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Tuesday, February 9th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.83. The business had revenue of $36.12 billion for the quarter, compared to analyst estimates of $35.27 billion. Honda Motor had a return on equity of 2.99% and a net margin of 1.93%. On average, research analysts predict that Honda Motor will post 2.48 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in HMC. Crescent Capital Consulting LLC bought a new position in Honda Motor in the fourth quarter valued at about $25,000. AXA S.A. bought a new position in Honda Motor in the third quarter valued at about $27,000. HM Payson & Co. bought a new position in Honda Motor in the fourth quarter valued at about $34,000. Ellevest Inc. raised its position in Honda Motor by 109.8% in the fourth quarter. Ellevest Inc. now owns 1,578 shares of the company’s stock valued at $45,000 after purchasing an additional 826 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Honda Motor by 156.3% in the third quarter. Great West Life Assurance Co. Can now owns 2,076 shares of the company’s stock valued at $49,000 after purchasing an additional 1,266 shares during the last quarter. 2.37% of the stock is currently owned by institutional investors and hedge funds.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life creation and Other Businesses.

See Also: Liquidity

Analyst Recommendations for Honda Motor (NYSE:HMC)

Receive News & Ratings for Honda Motor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor and related companies with MarketBeat.com's FREE daily email newsletter.