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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Honda Motor Co., Ltd.    7267   JP3854600008

HONDA MOTOR CO., LTD.

(7267)
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Japan shares rise on hopes for U.S. economy, new prime minister eyed

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09/02/2020 | 02:35am EDT

TOKYO, Sept 2 (Reuters) - Japanese shares rose on Wednesday after positive data on the U.S. manufacturing sector spurred hopes that a global economic recovery from the COVID-19 pandemic remains on track.

The Nikkei 225 Index ended up 0.47% at 23,247.15, while the broader Topix index also rose 0.47% to 1,623.40.

Stocks also got a boost after Chief Cabinet Secretary Yoshihide Suga emerged as the leading candidate to replace outgoing Prime Minister Shinzo Abe at a leadership election on Sept. 14.

If Suga becomes the new prime minister, this would suggest few major changes to economic policy and lesser chances of political instability, which are positives for equities, analysts said.

"Some investors were bracing for disappointing U.S. manufacturing data, but the results were quite the opposite, and that is pushing up the stock market," said Kiyoshi Ishigane, chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co.

"There is also a bit of relief as Suga is gathering support to be the next prime minister."

The stocks that gained the most among the top 30 core Topix names were electronic parts makers Murata Manufacturing Co Ltd , up 3.83%, and Keyence Corp, which gained 2.93%.

Japan's capital goods sector got a boost after the Institute for Supply Management said on Tuesday that U.S. manufacturing activity accelerated to a nearly two-year high in August.

Stocks were also supported by hopes for progress in talks on additional U.S. fiscal stimulus.

The underperformers among the Topix 30 were drugmaker Astellas Pharma Inc down 1.8%, followed by car maker Honda Motor losing 1.2%.

There were 102 advancers on the Nikkei index against 113 decliners.

The volume of shares traded on the Tokyo Stock Exchange's main board was 0.98 billion, compared to the average of 1.16 billion in the past 30 days. (Reporting by Stanley White; Editing by Amy Caren Daniel and Shailesh Kuber)


Stocks mentioned in the article
ChangeLast1st jan.
ASTELLAS PHARMA INC. -0.17% 1483.5 End-of-day quote.-20.67%
HONDA MOTOR CO., LTD. 0.74% 2580 End-of-day quote.-16.75%
KEYENCE CORPORATION -0.63% 48730 End-of-day quote.26.60%
KOKUSAI CO., LTD. -0.24% 841 End-of-day quote.10.51%
MITSUBISHI UFJ FINANCIAL GROUP, INC. 0.85% 425.8 End-of-day quote.-28.22%
MURATA MANUFACTURING CO., LTD. -0.33% 7230 End-of-day quote.7.17%
NIKKEI 225 0.18% 23516.59 Real-time Quote.-0.59%
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Financials
Sales 2021 12 597 B 120 B 120 B
Net income 2021 235 B 2 246 M 2 246 M
Net Debt 2021 4 750 B 45 354 M 45 354 M
P/E ratio 2021 18,6x
Yield 2021 1,93%
Capitalization 4 456 B 42 531 M 42 549 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,66x
Nbr of Employees 218 674
Free-Float 91,2%
Chart HONDA MOTOR CO., LTD.
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Honda Motor Co., Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HONDA MOTOR CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Average target price 3 359,38 JPY
Last Close Price 2 580,00 JPY
Spread / Highest target 51,2%
Spread / Average Target 30,2%
Spread / Lowest Target -3,10%
EPS Revisions
Managers
NameTitle
Takahiro Hachigo President, CEO, Representative Director, Head-R&D
Toshiaki Mikoshiba Chairman & Head-External Affairs
Seiji Kuraishi COO, Representative Director, VP & GM-Automobile
Kohei Takeuchi Senior MD, Head-Finance & Administration
Yusuke Hori Executive Officer & GM-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
HONDA MOTOR CO., LTD.-16.75%42 531
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GENERAL MOTORS COMPANY0.63%52 707
BMW AG-12.59%48 818