Honda Motor (NYSE:HMC) Cut to "Sell" at Wall Street Zen

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.

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

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.