Honda Motor (NYSE:HMC) Upgraded 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 research report issued on Wednesday.

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

Honda Motor Trading Up 0.3 %

NYSE HMC opened at $27.23 on Wednesday. The company has a market cap of $42.49 billion, a P/E ratio of 6.33 and a beta of 0.58. Honda Motor has a 12 month low of $23.41 and a 12 month high of $37.90. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. The company has a 50-day moving average of $27.89 and a 200-day moving average of $29.24.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.94 by $0.37. The firm had revenue of $36.31 billion during the quarter, compared to analyst estimates of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, equities analysts predict that Honda Motor will post 3.99 earnings per share for the current year.

Institutional Trading of Honda Motor

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Asset Planning Inc acquired a new position in Honda Motor during the fourth quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Honda Motor in the 4th quarter valued at $26,000. R Squared Ltd acquired a new position in shares of Honda Motor during the 4th quarter valued at $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Honda Motor during the 3rd quarter worth $36,000. Finally, Manchester Capital Management LLC purchased a new stake in Honda Motor during the 4th quarter worth $40,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

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.