Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,010,000 shares, a growth of 16.9% from the August 31st total of 1,720,000 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is presently 1.8 days. Approximately 0.1% of the shares of the company are short sold.
Honda Motor Price Performance
HMC traded up $0.79 during trading on Monday, reaching $22.38. 1,381,707 shares of the company were exchanged, compared to its average volume of 1,217,369. The company's 50-day moving average is $25.47 and its two-hundred day moving average is $25.60. The company has a market cap of $38.28 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.51 and a beta of 0.74. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.44. Honda Motor has a 12-month low of $21.53 and a 12-month high of $32.15.
Get
Honda Motor alerts:
Honda Motor (NYSE:HMC – Get Rating) last announced its earnings results on Wednesday, August 10th. The company reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.12). The business had revenue of $29.56 billion during the quarter, compared to the consensus estimate of $27.91 billion. Honda Motor had a return on equity of 5.96% and a net margin of 4.26%. Research analysts forecast that Honda Motor will post 3.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Honda Motor
A number of institutional investors have recently added to or reduced their stakes in HMC. Bank of Montreal Can increased its stake in Honda Motor by 33.1% in the 4th quarter. Bank of Montreal Can now owns 62,736 shares of the company's stock worth $1,781,000 after acquiring an additional 15,585 shares during the last quarter. Schroder Investment Management Group increased its position in shares of Honda Motor by 252.1% during the 4th quarter. Schroder Investment Management Group now owns 5,472 shares of the company's stock valued at $155,000 after purchasing an additional 3,918 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Honda Motor by 1,536.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 635,436 shares of the company's stock valued at $18,078,000 after purchasing an additional 596,594 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Honda Motor during the 4th quarter valued at about $41,000. Finally, Seven Eight Capital LP bought a new position in shares of Honda Motor during the 4th quarter valued at about $1,436,000. 5.36% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently commented on the company. TheStreet cut Honda Motor from a "b" rating to a "c+" rating in a research report on Monday, June 13th. StockNews.com cut Honda Motor from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, September 20th. Finally, Jefferies Financial Group increased their price objective on Honda Motor from $30.83 to $31.51 and gave the stock a "buy" rating in a report on Thursday, July 7th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.51.
Honda Motor Company Profile
(Get Rating)
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.
Further Reading
- Get a free copy of the StockNews.com research report on Honda Motor (HMC)
- Near-Term Headwinds Send Nike To The Bargain Basement
- Archer Daniels Midland: Dividend Hero With 49 Years Of Increases
- Will Fully Autonomous Tractors Make Deere the Tesla of Farming?
- Magna International is Your Auto and EV One-Stop Shop Stock
- Is the Bond Market Signaling a Market Bottom?
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.
