Honda Motor Co., Ltd. (NYSE: HMC – Get a rating) recorded a sharp increase in short-term interest during the month of June. As of June 30, there was short interest totaling 2,350,000 shares, an increase of 27.0% from the June 15 total of 1,850,000 shares. Based on an average trading volume of 1,320,000 shares, the day-to-cover ratio is currently 1.8 days.
Wall Street analysts predict growth
A number of analysts have recently commented on the company. TheStreet upgraded Honda Motor from a ‘b’ to a ‘c+’ rating in a Monday, June 13 research note. StockNews.com moved shares of Honda Motor from a “buy” rating to a “strong buy” rating in a Friday, July 15 research report. Finally, Jefferies Financial Group raised its price target on Honda Motor shares from $30.83 to $31.51 and gave the stock a “buy” rating in a Thursday, July 7 research report. Two investment analysts rated the stock with a hold rating, one gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.51.
Honda Engine Stock Performance
Shares of HMC opened at $25.64 on Friday. The company has a debt ratio of 0.46, a quick ratio of 1.15 and a current ratio of 1.47. Honda Motor has a 12-month low of $23.21 and a 12-month high of $33.42. The company’s 50-day moving average price is $24.75 and its two-hundred-day moving average price is $27.15. The company has a market capitalization of $44.27 billion, a P/E ratio of 6.97, a PEG ratio of 0.59 and a beta of 0.68.
Honda engine (NYSE: HMC – Get a rating) last announced its quarterly results on Friday, May 13. The company reported earnings per share of $0.63 for the quarter, beating consensus analyst estimates of $0.57 by $0.06. Honda Motor had a net margin of 4.88% and a return on equity of 7.02%. The company posted revenue of $33.36 billion for the quarter, versus analyst estimates of $33.18 billion. On average, analysts expect Honda Motor to post an EPS of 3.47 for the current fiscal year.
Hedge funds weigh on Honda Motor
Major investors have recently increased or reduced their stake in the company. Dodge & Cox increased its stake in Honda Motor by 2.4% in the fourth quarter. Dodge & Cox now owns 45,125,595 shares of the company valued at $1,283,823,000 after acquiring an additional 1,041,067 shares last quarter. DE Shaw & Co. Inc. increased its position in Honda Motor by 1,536.0% in the fourth quarter. DE Shaw & Co. Inc. now owns 635,436 shares of the company valued at $18,078,000 after purchasing an additional 596,594 shares last quarter. Goldman Sachs Group Inc. increased its position in Honda Motor by 47.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,668,367 shares of the company valued at $47,148,000 after purchasing an additional 535,537 shares last quarter. Fisher Asset Management LLC increased its position in Honda Motor by 5.9% in the first quarter. Fisher Asset Management LLC now owns 8,606,358 shares of the company valued at $243,216,000 after purchasing an additional 476,123 shares last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Honda Motor by 40.5% during the first quarter. Dimensional Fund Advisors LP now owns 997,675 shares of the company worth $28,194,000 after acquiring an additional 287,536 shares in the last quarter.
Honda Motor Company Profile
Honda Motor Co, Ltd. develops, manufactures and distributes motorcycles, automobiles, electrical products and other products in Japan, North America, Europe, Asia and internationally. It operates through four segments: Motorcycle, Automotive, Financial Services, Creation of Life and Other Businesses.
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