Honda Motor Co., Ltd. (NYSE:HMC – Get Free Report) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 2,470,000 shares, a decrease of 9.2% from the July 15th total of 2,720,000 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 870,300 shares, the days-to-cover ratio is presently 2.8 days.
Honda Motor Stock Up 2.4 %
NYSE:HMC traded up $0.75 during trading hours on Monday, reaching $32.47. 1,228,253 shares of the stock were exchanged, compared to its average volume of 958,917. The stock has a market cap of $55.54 billion, a PE ratio of 6.72, a PEG ratio of 2.81 and a beta of 0.68. Honda Motor has a twelve month low of $27.69 and a twelve month high of $37.90. The firm has a 50 day moving average of $31.58 and a 200 day moving average of $33.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.13.
Honda Motor (NYSE:HMC – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. The business had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. On average, equities analysts expect that Honda Motor will post 4.55 earnings per share for the current year.
Hedge Funds Weigh In On Honda Motor
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 11th.
Check Out Our Latest Analysis on Honda Motor
About Honda Motor
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.
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