Honda Motor (NYSE:HMC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.
A number of other analysts have also weighed in on HMC. Sanford C. Bernstein started coverage on shares of Honda Motor in a research note on Monday, April 14th. They issued a "market perform" rating for the company. Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th.
Read Our Latest Report on Honda Motor
Honda Motor Stock Performance
Honda Motor stock traded up $0.85 during midday trading on Friday, reaching $30.43. 80,125 shares of the stock traded hands, compared to its average volume of 1,065,237. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average price of $28.93 and a two-hundred day moving average price of $28.07. The firm has a market cap of $47.50 billion, a price-to-earnings ratio of 7.08 and a beta of 0.54. Honda Motor has a fifty-two week low of $23.41 and a fifty-two week high of $33.96.
Honda Motor (NYSE:HMC - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.54). The firm had revenue of $36.25 billion for the quarter, compared to analyst estimates of $5,371.99 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. On average, 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
Hedge funds have recently made changes to their positions in the company. Asset Planning Inc purchased a new stake in shares of Honda Motor in the 4th quarter valued at approximately $25,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Honda Motor in the 4th quarter valued at approximately $26,000. R Squared Ltd acquired a new position in Honda Motor in the 4th quarter valued at approximately $30,000. Bessemer Group Inc. increased its stake in Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after buying an additional 902 shares during the period. Finally, Rothschild Investment LLC increased its stake in Honda Motor by 50.4% in the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after buying an additional 417 shares during the period. 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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