Weiss Ratings Reaffirms Hold (C+) Rating for Honda Motor (NYSE:HMC)

Honda Motor (NYSE:HMC)‘s stock had its “hold (c+)” rating reaffirmed by Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

A number of other equities analysts have also issued reports on HMC. Macquarie lowered shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Zacks Research downgraded Honda Motor from a “hold” rating to a “strong sell” rating in a report on Monday, September 1st. Finally, Wall Street Zen raised Honda Motor from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Honda Motor Stock Performance

Shares of HMC opened at $30.78 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market cap of $48.04 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48. The company’s 50 day simple moving average is $33.00 and its 200-day simple moving average is $30.81. Honda Motor has a 12-month low of $23.41 and a 12-month high of $34.89.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.46. The business had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. As a group, equities analysts predict that Honda Motor will post 3.99 EPS for the current year.

Institutional Investors Weigh In On Honda Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC lifted its holdings in Honda Motor by 19.9% in the third quarter. CWM LLC now owns 4,546 shares of the company’s stock valued at $140,000 after acquiring an additional 753 shares during the period. BSW Wealth Partners lifted its holdings in Honda Motor by 4.6% in the third quarter. BSW Wealth Partners now owns 14,595 shares of the company’s stock valued at $450,000 after acquiring an additional 637 shares during the period. Gilman Hill Asset Management LLC lifted its holdings in Honda Motor by 2.1% in the third quarter. Gilman Hill Asset Management LLC now owns 182,578 shares of the company’s stock valued at $5,623,000 after acquiring an additional 3,780 shares during the period. Optas LLC increased its position in shares of Honda Motor by 12.3% in the third quarter. Optas LLC now owns 9,640 shares of the company’s stock valued at $297,000 after buying an additional 1,057 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Honda Motor by 297.9% in the third quarter. Farther Finance Advisors LLC now owns 10,151 shares of the company’s stock valued at $313,000 after buying an additional 7,600 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

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.