Honda Motor (NYSE:HMC) Stock Rating Lowered by Wall Street Zen

Honda Motor (NYSE:HMC - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Several other research firms also recently commented on HMC. Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th.

Honda Motor Price Performance

HMC stock traded up $0.31 during mid-day trading on Friday, hitting $29.81. The stock had a trading volume of 642,063 shares, compared to its average volume of 1,069,115. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. Honda Motor has a 52 week low of $23.41 and a 52 week high of $33.96. The firm has a market capitalization of $46.53 billion, a P/E ratio of 6.93 and a beta of 0.54. The firm has a fifty day simple moving average of $28.95 and a 200 day simple moving average of $28.05.

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

Institutional Trading of Honda Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new position in Honda Motor during the 4th quarter worth $23,272,000. Northern Trust Corp boosted its holdings in shares of Honda Motor by 69.9% in the 4th quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock worth $31,396,000 after buying an additional 452,624 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Honda Motor during the fourth quarter valued at about $11,909,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Honda Motor by 153.8% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock valued at $19,074,000 after purchasing an additional 404,883 shares during the last quarter. Finally, Tiger Pacific Capital LP purchased a new stake in Honda Motor during the fourth quarter valued at about $8,225,000. 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.