Honda Motor Company, Ltd. (HMC) Upgraded to Sell at BidaskClub

Geronimo Vena
Agosto 7, 2017

Other equities research analysts have also issued reports about the stock. TheStreet raised shares of Honda Motor from a "c+" rating to a "b-" rating in a research note on Friday, April 28th. Finally, Jefferies Group LLC reaffirmed a "buy" rating and set a $33.18 target price on shares of Honda Motor in a report on Friday, July 14th. Zacks Investment Research raised shares of Tata Motors from a "sell" rating to a "hold" rating and set a $39.00 price objective for the company in a research report on Saturday, April 15th. Instinet raised shares of Honda Motor from a "reduce" rating to a "neutral" rating in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co lowered shares of Honda Motor from an "overweight" rating to a "neutral" rating in a research report on Wednesday, July 5th.

Several other hedge funds have also bought and sold shares of the company. Tata Motors now has an average rating of "Buy" and a consensus price target of $43.50.

Tata Motors Ltd (NYSE:TTM) traded up 1.04% during mid-day trading on Friday, reaching $34.82. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. The stock has a 50 day moving average of $34.69 and a 200-day moving average of $35.51. Tata Motors Ltd has a 52-week low of $31.71 and a 52-week high of $44.79. The firm has a market capitalization of $20.11 billion, a P/E ratio of 116.07 and a beta of 2.26.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.21. The firm had revenue of $3,713 billion during the quarter, compared to the consensus estimate of $3,525.55 billion. Honda Motor had a return on equity of 8.59% and a net margin of 4.58%. The company's quarterly revenue was up 7.0% on a year-over-year basis. During the same period previous year, the company earned $96.93 EPS. Equities analysts expect that Honda Motor Company, Ltd. will post $2.76 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC purchased a new stake in Honda Motor during the second quarter valued at about $103,000. Dodge & Cox acquired a new stake in Honda Motor during the fourth quarter worth about $167,584,000. IFP Advisors Inc now owns 4,313 shares of the company's stock worth $131,000 after buying an additional 108 shares during the period. Macquarie Group Ltd. now owns 3,312,903 shares of the company's stock valued at $100,248,000 after buying an additional 566,685 shares during the last quarter. Daiwa SB Investments Ltd. increased its position in Tata Motors by 31.8% in the first quarter. Mondrian Investment Partners LTD now owns 1,704,988 shares of the company's stock valued at $51,150,000 after buying an additional 430,158 shares during the last quarter.

Fmr LLC cut its stake in Tata Motors Ltd (NYSE:TTM) by 37.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Wrapmanager Inc. now owns 9,440 shares of the company's stock valued at $312,000 after buying an additional 218 shares in the last quarter.

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company.

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