Honda Motor (NYSE:HMC) Stock Price Up 1.7% – Time to Buy?

Honda Motor Co., Ltd. (NYSE:HMC) traded up 1.7% on Friday . The company traded as high as $29.10 and last traded at $28.84. 543,200 shares traded hands during trading, a decline of 46% from the average session volume of 998,324 shares. The stock had previously closed at $28.37.

Analyst Upgrades and Downgrades

HMC has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Price Performance

The company has a 50 day moving average of $27.27 and a two-hundred day moving average of $30.22. The firm has a market cap of $48.99 billion, a P/E ratio of 7.07, a PEG ratio of 2.57 and a beta of 0.62. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The business had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Sell-side analysts expect that Honda Motor Co., Ltd. will post 4.09 EPS for the current year.

Institutional Investors Weigh In On Honda Motor

Large investors have recently modified their holdings of the stock. Ballentine Partners LLC raised its position in shares of Honda Motor by 3.4% in the second quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock valued at $353,000 after purchasing an additional 359 shares during the period. Apollon Wealth Management LLC increased its stake in shares of Honda Motor by 1.5% in the third quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock worth $829,000 after purchasing an additional 389 shares during the period. Harrington Investments INC boosted its stake in Honda Motor by 1.0% during the 2nd quarter. Harrington Investments INC now owns 39,824 shares of the company’s stock valued at $1,284,000 after purchasing an additional 410 shares during the period. Janney Montgomery Scott LLC increased its position in Honda Motor by 0.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock worth $2,628,000 after buying an additional 495 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Honda Motor by 31.0% in the third quarter. GAMMA Investing LLC now owns 2,382 shares of the company’s stock valued at $76,000 after acquiring an additional 564 shares during the period. 5.32% of the stock is owned by institutional investors.

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.