Honda Motor (NYSE:HMC) Raised to “Buy” at StockNews.com

Honda Motor (NYSE:HMC) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Separately, UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Trading Up 0.3 %

Shares of HMC stock opened at $27.23 on Wednesday. The business’s fifty day moving average price is $27.89 and its 200 day moving average price is $29.24. The firm has a market capitalization of $42.49 billion, a PE ratio of 6.33 and a beta of 0.58. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. Honda Motor has a 1-year low of $23.41 and a 1-year high of $37.90.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The business had revenue of $36.31 billion for the quarter, compared to analysts’ expectations of $35.31 billion. As a group, sell-side analysts forecast that Honda Motor will post 3.99 EPS for the current fiscal year.

Institutional Trading of Honda Motor

Institutional investors have recently bought and sold shares of the company. Asset Planning Inc acquired a new position in shares of Honda Motor during the 4th quarter worth $25,000. Murphy & Mullick Capital Management Corp acquired a new position in Honda Motor during the fourth quarter worth about $26,000. R Squared Ltd purchased a new stake in shares of Honda Motor in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Honda Motor in the third quarter valued at approximately $36,000. Finally, Manchester Capital Management LLC purchased a new position in shares of Honda Motor during the 4th quarter worth approximately $40,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Honda Motor Company Profile

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.