Morgan Stanley Lowers Honda Motor Company, Ltd. (NYSE:HMC) to Equal Weight

Cornelia Mascio
Settembre 24, 2017

Jefferies Group LLC restated a "buy" rating and set a $35.45 price objective on shares of Honda Motor Co in a report on Monday, April 3rd.

Other analysts have also recently issued research reports about the stock.

Among 9 analysts covering Honda Motor Co (NYSE:HMC), 2 have Buy rating, 5 Sell and 2 Hold.

Investors wait Honda Motor Co Ltd (ADR) (NYSE:HMC) to report on October, 30. its quarterly earnings Wall Street analysts expect $0.63 EPS, down $0.34 or 35.05 % from last year's $0.97 same quarter earnings. TheStreet downgraded shares of Honda Motor Co from a "b-" rating to a "c+" rating in a report on Tuesday, March 21st. Susquehanna initiated Honda Motor Co Ltd (ADR) (NYSE:HMC) on Tuesday, December 22 with "Neutral" rating. The rating was maintained by Jefferies with "Buy" on Monday, May 29. $34.55's average target is 15.51% above currents $29.91 stock price.

Honda Motor (NYSE HMC) traded up 0.27% during mid-day trading on Tuesday, hitting $29.73. Prudential PLC now owns 1,737,887 shares of the company's stock valued at $47,601,000 after acquiring an additional 548,500 shares during the last quarter. Honda Motor has a 12 month low of $27.05 and a 12 month high of $32.17. The stock has a market cap of $51.58 billion, a price-to-earnings ratio of 9.30 and a beta of 1.16. Honda Motor Co Ltd (ADR) (NYSE:HMC) has risen 4.10% since September 23, 2016 and is uptrending. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.83 by $0.21. Honda Motor had a return on equity of 8.57% and a net margin of 4.58%. The firm had revenue of $3,713 billion during the quarter, compared to analysts' expectations of $3,525.55 billion. During the same period in the prior year, the business earned $96.93 EPS. Honda Motor's revenue for the quarter was up 7.0% compared to the same quarter a year ago. After having $1.04 EPS previously, Honda Motor Co Ltd (ADR)'s analysts see -39.42 % EPS growth. Jefferies Group LLC reaffirmed a buy rating and set a $33.18 price target on shares of Honda Motor in a research report on Friday, July 14th. If you are reading this news story on another website, it was illegally stolen and republished in violation of USA and global copyright and trademark law. As per Friday, May 13, the company rating was downgraded by Credit Agricole.

A number of hedge funds have recently bought and sold shares of HMC. IFP Advisors Inc increased its position in Honda Motor Co by 2.6% in the first quarter. Pacad Investment Ltd. raised its position in Honda Motor by 6.3% during the second quarter. Mondrian Investment Partners LTD now owns 2,154,333 shares of the company's stock valued at $58,167,000 after acquiring an additional 449,345 shares during the last quarter. Northwestern Mutual Wealth Management Co. now owns 4,768 shares of the company's stock worth $145,000 after acquiring an additional 883 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Honda Motor during the 2nd quarter worth approximately $240,000. Institutional investors own 3.04% of the company's stock.

Honda Motor Co., Ltd. develops, makes 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.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE