Research Analysts Set Expectations for Honda Motor Co., Ltd.’s FY2021 Earnings (NYSE:HMC)

Honda Motor Co., Ltd. (NYSE:HMC) – Research analysts at Jefferies Financial Group increased their FY2021 EPS estimates for Honda Motor in a research note issued to investors on Tuesday, March 2nd. Jefferies Financial Group analyst T. Nakanishi now forecasts that the company will earn $2.93 per share for the year, up from their previous estimate of $2.28. Jefferies Financial Group also issued estimates for Honda Motor’s Q4 2021 earnings at $0.50 EPS.

HMC has been the topic of several other reports. TheStreet upgraded Honda Motor from a “c+” rating to a “b” rating in a research report on Tuesday, November 24th. Zacks Investment Research downgraded shares of Honda Motor from a “strong-buy” rating to a “hold” rating and set a $29.00 target price for the company. in a research note on Wednesday, January 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $29.00.

Shares of NYSE:HMC opened at $29.39 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.02 and a current ratio of 1.30. The business’s fifty day moving average price is $28.05 and its two-hundred day moving average price is $26.91. The stock has a market cap of $50.75 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 0.59 and a beta of 0.92. Honda Motor has a one year low of $19.38 and a one year high of $30.21.

Hedge funds have recently bought and sold shares of the company. Crescent Capital Consulting LLC acquired a new position in Honda Motor in the fourth quarter valued at $25,000. AXA S.A. acquired a new position in shares of Honda Motor during the 3rd quarter valued at about $27,000. AFT Forsyth & Company Inc. purchased a new position in shares of Honda Motor during the 4th quarter worth about $256,000. Ellevest Inc. boosted its position in shares of Honda Motor by 109.8% in the fourth quarter. Ellevest Inc. now owns 1,578 shares of the company’s stock worth $45,000 after acquiring an additional 826 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Honda Motor by 156.3% in the third quarter. Great West Life Assurance Co. Can now owns 2,076 shares of the company’s stock valued at $49,000 after purchasing an additional 1,266 shares during the period. Institutional investors and hedge funds own 2.37% of the company’s stock.

Honda Motor Company Profile

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.

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Earnings History and Estimates for Honda Motor (NYSE:HMC)

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