The stock of Honda Motor Co Ltd (ADR) (NYSE:HMC) is a huge mover today! About 362,906 shares traded hands. Honda Motor Co Ltd (ADR) (NYSE:HMC) has risen 8.61% since March 1, 2016 and is uptrending. It has underperformed by 0.63% the S&P500.
The move comes after 8 months positive chart setup for the $52.73B company. It was reported on Oct, 4 by Barchart.com. We have $45.70 PT which if reached, will make NYSE:HMC worth $30.06B more.
Analysts await Honda Motor Co Ltd (ADR) (NYSE:HMC) to report earnings on November, 2. They expect $0.56 EPS, down 5.08% or $0.03 from last year’s $0.59 per share. HMC’s profit will be $1.01B for 13.00 P/E if the $0.56 EPS becomes a reality. After $0.94 actual EPS reported by Honda Motor Co Ltd (ADR) for the previous quarter, Wall Street now forecasts -40.43% negative EPS growth.
Honda Motor Co Ltd (ADR) (NYSE:HMC) Ratings Coverage
Out of 8 analysts covering Honda Motor Co (NYSE:HMC), 1 rate it a “Buy”, 5 “Sell”, while 2 “Hold”. This means 13% are positive. Honda Motor Co has been the topic of 11 analyst reports since August 27, 2015 according to StockzIntelligence Inc. Bank of America downgraded Honda Motor Co Ltd (ADR) (NYSE:HMC) on Tuesday, May 31 to “Neutral” rating. Credit Agricole downgraded the shares of HMC in a report on Friday, May 13 to “Underperform” rating. As per Thursday, August 27, the company rating was downgraded by Zacks. The stock has “Reduce” rating given by Nomura on Friday, May 13. The firm has “Underperform” rating by CLSA given on Friday, May 13. The stock of Honda Motor Co Ltd (ADR) (NYSE:HMC) earned “Neutral” rating by Susquehanna on Tuesday, December 22. Erste Group downgraded Honda Motor Co Ltd (ADR) (NYSE:HMC) on Monday, April 25 to “Sell” rating. The rating was downgraded by Jefferies on Friday, October 9 to “Hold”. The rating was upgraded by Jefferies to “Buy” on Friday, February 26. On Friday, May 13 the stock rating was maintained by Jefferies with “Buy”.
According to Zacks Investment Research, “Honda manufactures a wide range of products, including motorcycles, ATVs, generators, marine engines, lawn and garden equipment and automobiles. Historically, Honda has been a leader in fuel-efficiency and low-emission technology.”
More important recent Honda Motor Co Ltd (ADR) (NYSE:HMC) news were published by: Marketwatch.com which released: “Honda Motor Co. Ltd. ADR” on June 02, 2009, also Businessfinancenews.com published article titled: “Nissan Motor Co Ltd (ADR) Earnings: Will Toyota Motor Corp (ADR) And Honda …”, 247Wallst.com published: “Will Volkswagen Have to Sell Audi?” on September 28, 2015. More interesting news about Honda Motor Co Ltd (ADR) (NYSE:HMC) was released by: Investorplace.com and their article: “How to Buy Ford Motor Company at a Massive Discount (F)” with publication date: October 04, 2016.
HMC Company Profile
Honda Motor Co., Ltd. (Honda), incorporated on October 24, 1948, develops, makes and markets motorcycles, automobiles and power products across the world. The Company’s divisions include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. Honda conducts its activities in Japan and around the world, including North America, Europe and Asia. Honda markets its products through a sales network of independent local dealers. The Company’s motorcycles are distributed through outlets, including PRO’S shops and Honda Dream authorized dealerships. The Company’s automobiles and power products are distributed in Japan through retail dealers. The Company’s manufacturing facilities are located in Japan, the United States, Canada, Mexico, the United Kingdom, Turkey, Italy, France, China, India, Indonesia, Malaysia, Thailand, Vietnam, Argentina and Brazil.
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