Honda Motor Co Ltd (ADR) (HMC) is Downgraded by BofA/Merrill to Neutral

Honda Motor Co Ltd (ADR) (HMC) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on May 31, 2016.

Many Wall Street Analysts have commented on Honda Motor Co Ltd (ADR). Honda Motor Co Ltd (ADR) was Downgraded by Nomura to ” Reduce” on May 13, 2016. Honda Motor Co Ltd (ADR) was Downgraded by Credit Agricole to ” Underperform” on May 13, 2016.

On the company’s financial health, Honda Motor Co Ltd (ADR) reported $-51.85 EPS for the quarter, missing the analyst consensus estimate by $ -113.39 based on the information available during the earnings call on May 13, 2016. Analyst had a consensus of $61.54. The company had revenue of $3657000.00 million for the quarter, compared to analysts expectations of $3688249.63 million. During the same quarter in the previous year, the company posted $54.3 EPS.

Honda Motor Co Ltd (ADR) closed down -0.58 points or -2.09% at $27.17 with 8,43,360 shares getting traded on Friday. Post opening the session at $27.49, the shares hit an intraday low of $27.1 and an intraday high of $27.6 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Honda Motor Co. Ltd. (Honda) develops produces and manufactures a range of motor products ranging from small general-purpose engines and scooters to specialty sports cars. The Company has four segments: motorcycle business automobile business financial services business and power product and other businesses. Honda’s motorcycle business segment offers motorcycle line including sports (including trial and moto-cross racing) business and commuter models. Its automobile business segment offers passenger cars light trucks and mini vehicles. The Company’s financial services business segment offers retail lending leasing to customers and other financial services such as wholesale financing to dealers. Its power product and other businesses segment manufactures a power products including tillers portable generators general-purpose engines grass cutters outboard marine engines water pumps snow throwers power carriers power sprayers lawn mowers and lawn tractors.

Honda Motor Co Ltd (ADR)

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