Honda Motor (HMC) Sets New 1-Year Low at $25.10

Honda Motor Co Ltd (NYSE:HMC) reached a new 52-week low during trading on Wednesday . The company traded as low as $25.10 and last traded at $25.10, with a volume of 690000 shares changing hands. The stock had previously closed at $25.44.

A number of research firms recently commented on HMC. Zacks Investment Research upgraded Honda Motor from a “sell” rating to a “hold” rating in a report on Friday, May 10th. TheStreet downgraded Honda Motor from a “b” rating to a “c+” rating in a report on Wednesday, May 8th. ValuEngine upgraded Honda Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Nomura upgraded Honda Motor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $31.00.

The firm has a market capitalization of $44.63 billion, a PE ratio of 8.07, a PEG ratio of 0.95 and a beta of 0.94. 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 results on Wednesday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.60). Honda Motor had a return on equity of 6.97% and a net margin of 3.92%. The business had revenue of $4,049.10 billion during the quarter, compared to the consensus estimate of $4,011.69 billion. During the same quarter last year, the company earned $60.59 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that Honda Motor Co Ltd will post 3.66 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the business. Marshall Wace North America L.P. bought a new stake in shares of Honda Motor in the first quarter worth about $987,000. Jane Street Group LLC boosted its position in shares of Honda Motor by 27.9% during the first quarter. Jane Street Group LLC now owns 23,897 shares of the company’s stock worth $649,000 after buying an additional 5,214 shares during the period. HighTower Advisors LLC boosted its position in shares of Honda Motor by 6.9% during the first quarter. HighTower Advisors LLC now owns 16,715 shares of the company’s stock worth $459,000 after buying an additional 1,079 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Honda Motor by 8.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 12,141 shares of the company’s stock worth $331,000 after buying an additional 967 shares during the period. Finally, One Wealth Advisors LLC acquired a new position in shares of Honda Motor during the first quarter worth about $134,000. Institutional investors own 2.08% of the company’s stock.

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Honda Motor Company Profile (NYSE:HMC)

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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