Honda Motor (NYSE:HMC) Lifted to Outperform at Credit Suisse Group

Zacks Investment Research raised Honda Motor from a "hold" rating to a "buy" rating and set a $39.00 price objective on the stock in a research report on Wednesday. The firm owned 7,150 shares of the company's stock after purchasing an additional 5,204 shares during the quarter. Honda's shares outperformed the industry it belongs to over the past six months. They expect $0.54 earnings per share, up 14.89 % or $0.07 from last year's $0.47 per share.

Macquarie Research downgraded the shares of HMC in report on Thursday, December 1 to "Neutral" rating. ValuEngine upgraded Honda Motor from a hold rating to a buy rating in a report on Thursday, November 9th. Finally, JPMorgan Chase & Co. raised Honda Motor from a "neutral" rating to an "overweight" rating in a report on Thursday, February 15th.

Shares of Honda Motor Co Ltd (NYSE:HMC) have received an average rating of "Hold" from the eleven analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Honda Motor has an average rating of Buy and an average target price of $41.00. Honda Motor Co., Ltd. (NYSE:HMC) has risen 4.10% since March 8, 2017 and is uptrending. 1,050,000 shares of the stock traded hands, compared to its average volume of 920,128. The stock has a market capitalization of $61,300.00, a price-to-earnings ratio of 6.35, a PEG ratio of 1.25 and a beta of 1.02. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 0.98. Honda Motor Co Ltd has a 52-week low of $27.05 and a 52-week high of $37.29.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Friday, February 2nd. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.33. The business had revenue of $3,957.12 billion for the quarter, compared to the consensus estimate of $3,725.76 billion. Honda Motor had a return on equity of 8.71% and a net margin of 6.88%. The company's revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company earned $93.67 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. It improved, as 0 investors sold CATM shares while 0 reduced holdings. This represents a $0.74 annualized dividend and a yield of 2.15%. The ex-dividend date was Wednesday, December 27th. Honda Motor's dividend payout ratio (DPR) is presently 13.74%.

Hedge funds have recently bought and sold shares of the business.

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. American Century Companies Inc. now owns 5,369,577 shares of the company's stock valued at $182,995,000 after purchasing an additional 33,956 shares during the last quarter. LMR Partners LLP raised its stake in shares of Honda Motor by 1,146.9% in the fourth quarter. ETRADE Capital Management LLC now owns 16,571 shares of the company's stock worth $490,000 after buying an additional 1,972 shares during the period. 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. Aperio Group LLC raised its stake in Honda Motor by 15.7% during the 4th quarter. Parametric Portfolio Associates LLC boosted its stake in Honda Motor by 19.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,061,832 shares of the company's stock valued at $31,388,000 after purchasing an additional 170,958 shares during the last quarter.

COPYRIGHT VIOLATION NOTICE: This report was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and worldwide trademark and copyright legislation. The firm operates through four divisions: 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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