Analyst Ratings and Institutional Activity Affect Honda Stock
What happened
BNP Paribas Exane began coverage on Honda Motor, issuing a neutral rating and a $34.00 price objective. Zacks Research upgraded Honda Motor to a “strong-buy” rating, while Weiss Ratings reiterated a “sell (d)” rating. Honda Motor recently reported quarterly revenue of $37.27 billion and $2.14 EPS, although the company posted a negative net margin of 0.73%. Institutional investors, including Auto Owners Insurance Co, have also increased their holdings in the stock.
From dailypolitical.com
Why it matters
The mixed analyst sentiment and the recent earnings report, which showed a negative net margin, influence market perception of Honda Motor. The increase in institutional holdings suggests investor confidence in the company's future performance.
From dailypolitical.com
Who's involved
- HondaManufacturer of automobiles, motorcycles, and power equipment
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The entities involved
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Honda
manufacturer of automobiles, motorcycles, and power equipment
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MarketBeat
American personal finance blog
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