Honda Motor (NYSE:HMC - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.
Other analysts also recently issued reports about the company. Dbs Bank downgraded Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Sanford C. Bernstein initiated coverage on Honda Motor in a research report on Monday, April 14th. They issued a "market perform" rating for the company.
View Our Latest Stock Report on Honda Motor
Honda Motor Price Performance
Shares of NYSE:HMC traded down $0.20 during midday trading on Friday, reaching $29.64. 295,881 shares of the company's stock traded hands, compared to its average volume of 1,124,167. Honda Motor has a 1 year low of $23.41 and a 1 year high of $33.96. The company has a market cap of $46.26 billion, a P/E ratio of 6.89 and a beta of 0.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The company has a fifty day simple moving average of $28.94 and a two-hundred day simple moving average of $28.06.
Honda Motor (NYSE:HMC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $36.25 billion during the quarter, compared to analysts' expectations of $5,371.99 billion. Equities analysts predict that Honda Motor will post 3.99 EPS for the current fiscal year.
Institutional Investors Weigh In On Honda Motor
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMC. Blue Trust Inc. raised its stake in shares of Honda Motor by 40.7% during the fourth quarter. Blue Trust Inc. now owns 11,720 shares of the company's stock worth $335,000 after purchasing an additional 3,391 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its stake in shares of Honda Motor by 16.7% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 18,357 shares of the company's stock valued at $524,000 after acquiring an additional 2,629 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Honda Motor during the fourth quarter valued at $30,000. BTC Capital Management Inc. lifted its position in Honda Motor by 3.1% during the fourth quarter. BTC Capital Management Inc. now owns 45,539 shares of the company's stock worth $1,300,000 after buying an additional 1,378 shares during the period. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Honda Motor in the 4th quarter worth about $159,000. Hedge funds and other institutional investors own 5.32% of the company's stock.
About Honda Motor
(
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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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