Honda Motor (NYSE:HMC) Downgraded by Dbs Bank to "Hold"

Honda Motor (NYSE:HMC - Get Free Report) was downgraded by research analysts at Dbs Bank from a "strong-buy" rating to a "hold" rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on HMC. Sanford C. Bernstein began coverage on Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. StockNews.com downgraded Honda Motor from a "buy" rating to a "hold" rating in a research report on Wednesday.

Honda Motor Price Performance

NYSE HMC opened at $29.16 on Wednesday. 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 stock's fifty day moving average price is $28.96 and its 200 day moving average price is $28.06. Honda Motor has a 1 year low of $23.41 and a 1 year high of $34.05. The company has a market cap of $45.51 billion, a price-to-earnings ratio of 6.78 and a beta of 0.55.

Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.54). The company had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. As a group, equities research analysts forecast that Honda Motor will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Honda Motor

Several hedge funds have recently modified their holdings of HMC. JPMorgan Chase & Co. boosted its stake in shares of Honda Motor by 22.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company's stock worth $1,832,000 after acquiring an additional 10,720 shares in the last quarter. Gilman Hill Asset Management LLC purchased a new position in Honda Motor in the 4th quarter worth approximately $4,772,000. Royal Fund Management LLC purchased a new stake in shares of Honda Motor during the 4th quarter valued at approximately $1,223,000. Crossmark Global Holdings Inc. raised its position in shares of Honda Motor by 19.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 181,431 shares of the company's stock valued at $5,180,000 after buying an additional 29,108 shares during the period. Finally, True North Advisors LLC purchased a new stake in shares of Honda Motor during the 4th quarter valued at approximately $274,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

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.

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