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

Honda Motor (NYSE:HMC) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Honda Motor Trading Down 0.1 %

HMC traded down $0.04 during trading on Wednesday, reaching $30.41. 760,400 shares of the stock traded hands, compared to its average volume of 891,446. The stock has a market capitalization of $52.01 billion, a PE ratio of 6.44, a P/E/G ratio of 2.76 and a beta of 0.67. The stock’s 50-day moving average is $31.91 and its 200 day moving average is $32.48. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.45. Honda Motor has a 12 month low of $27.69 and a 12 month high of $37.90.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The company had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. Equities analysts anticipate that Honda Motor will post 4.6 earnings per share for the current year.

Hedge Funds Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently modified their holdings of the stock. RFP Financial Group LLC lifted its position in Honda Motor by 91.3% during the first quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 316 shares during the period. Gallacher Capital Management LLC lifted its stake in Honda Motor by 2.6% during the 1st quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company’s stock worth $498,000 after acquiring an additional 336 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Honda Motor by 3.4% during the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock worth $353,000 after buying an additional 359 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Honda Motor by 2.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 18,861 shares of the company’s stock worth $702,000 after purchasing an additional 395 shares during the period. Finally, Harrington Investments INC increased its position in shares of Honda Motor by 1.0% in 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 last quarter. Hedge funds and other institutional investors 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.