Honda lifts full-year profit forecast on higher Asia sales

Friday, 02 Feb, 2018

The fund owned 58,541 shares of the company's stock after selling 10,136 shares during the period. LMR Partners LLP grew its holdings in Honda Motor by 1,146.9% during the 4th quarter. SOL Capital Management CO's holdings in Honda Motor were worth $302,000 as of its most recent filing with the SEC. The correct version of this news story can be accessed at https://weekherald.com/2018/02/02/sol-capital-management-co-decreases-position-in-honda-motor-co-ltd-hmc.html. Finally, Regentatlantic Capital LLC purchased a new stake in shares of Honda Motor in the 4th quarter valued at about $274,000.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Honda Motor from a "hold" rating to a "buy" rating in a research report on Thursday, November 9th. UBS Group upgraded Honda Motor from an "underweight" rating to a "neutral" rating in a research report on Friday, November 17th. Covering sell-side analysts are estimating company growth for next year to be 3.53%. The stock now has an average rating of "Hold" and an average target price of $36.68.

Honda Motor Co., Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. More interesting news about Honda Motor Co., Ltd. (NYSE:HMC) were released by: Benzinga.com and their article: "GM, Toyota, Honda Pull Ahead With January Sales" published on February 01, 2018 as well as Nasdaq.com's news article titled: "Validea's Top Five Consumer Cyclical Stocks Based On Joseph Piotroski - 1/28/2018" with publication date: January 28, 2018.

Ltd. (NYSE:HMC) hit a new 52-week high and has $39.49 target or 7.00 % above today's $36.91 share price. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.96. Honda Motor Co., Ltd. (NYSE:HMC) has risen 4.10% since February 2, 2017 and is uptrending. Consolidated profit before income taxes for the fiscal nine months amounted to 924.5 billion yen, an increase of 12.7% compared to the same period past year, due primarily to an increase in share of profit of investments accounted for using the equity method.

Consolidated sales revenue for the fiscal third quarter (October 1, 2017 through December 31, 2017) amounted to 3,957.1 billion yen, an increase of 13.0% compared to the same period a year ago, due primarily to an increase in sales revenue from all businesses. Honda Motor had a return on equity of 8.12% and a net margin of 4.38%. equities analysts expect that Honda Motor Co Ltd will post 3.21 earnings per share for the current fiscal year.

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