Capital Fund Management SA Decreases Stake in Honda Motor Co Ltd (HMC)

Postado Setembro 24, 2017

Jefferies now has a $34.55 target price on shares of Honda Motor Company (NYSE:HMC).

HMC has been the topic of a number of recent analyst reports. As per Friday, October 9, the company rating was downgraded by Jefferies. This rating was disclosed in an analyst note on Monday, 18 September. Zacks Investment Research upgraded shares of Honda Motor from a "hold" rating to a "strong-buy" rating and set a $32.00 price objective on the stock in a research report on Thursday, August 17th. Finally, BidaskClub lowered shares of Honda Motor from a "sell" rating to a "strong sell" rating in a report on Thursday, August 10th.

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The rating was maintained by Jefferies with "Buy" on Monday, May 29. The company presently has an average rating of Hold and a consensus target price of $33.50.

WARNING: "NINE MASTS CAPITAL Ltd Sells 83,051 Shares of Honda Motor Company, Ltd. (HMC)" was reported by StockNewsTimes and is the property of of StockNewsTimes. 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. The company has a 50-day moving average price of $28.23 and a 200-day moving average price of $28.54. Honda Motor Co has $35.4500 highest and $33.04 lowest target. HMC's profit would be $1.15 billion giving it 11.87 P/E if the $0.63 EPS is correct. 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 net margin of 4.58% and a return on equity of 8.57%. The firm had revenue of $3,713 billion during the quarter, compared to analysts' expectations of $3,525.55 billion. During the same quarter a year ago, the business earned $96.93 earnings per share. Honda Motor's revenue for the quarter was up 7.0% compared to the same quarter past year. On average, equities research analysts forecast that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current fiscal year. The stock of Honda Motor Co Ltd (ADR) (NYSE:HMC) earned "Buy" rating by Jefferies on Monday, September 18. If you are accessing this piece on another site, it was stolen and republished in violation of United States and worldwide copyright law. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2017/09/22/honda-motor-company-ltd-hmc-rating-lowered-to-equal-weight-at-morgan-stanley.html. Mascoma Wealth Management LLC acquired a new position in Honda Motor during the second quarter worth about $103,000. Stephens Inc. AR increased its stake in Honda Motor by 2.8% in the 2nd quarter. The firm owned 105,419 shares of the company's stock after selling 141,445 shares during the period. Pacad Investment Ltd. raised its position in Honda Motor by 6.3% during the second quarter. Northwestern Mutual Wealth Management Co. raised its position in Honda Motor by 22.7% during the first 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. Raymond James Trust N.A. bought a new position in Honda Motor Co during the first quarter valued at about $207,000. Macquarie Group Ltd. now owns 3,312,903 shares of the company's stock valued at $100,248,000 after acquiring an additional 566,685 shares during the last quarter. Institutional investors own 2.58% of the company's stock. After having $1.04 EPS previously, Honda Motor Co Ltd (ADR)'s analysts see -39.42 % EPS growth. The Company's divisions 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.