Honda Motor (NYSE:HMC) Reaches New 1-Year High - Here's Why

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $34.13 and last traded at $34.04, with a volume of 609161 shares trading hands. The stock had previously closed at $30.41.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Macquarie downgraded shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research note on Wednesday, June 25th. Wall Street Zen downgraded shares of Honda Motor from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Sanford C. Bernstein started coverage on shares of Honda Motor in a research note on Monday, April 14th. They set a "market perform" rating for the company. Finally, Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat, Honda Motor presently has an average rating of "Hold".

Honda Motor Trading Down 1.4%

The company has a quick ratio of 1.07, a current ratio of 1.36 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $51.67 billion, a P/E ratio of 9.49 and a beta of 0.49. The firm's 50 day simple moving average is $29.93 and its two-hundred day simple moving average is $29.07.

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 the consensus estimate of $0.72 by ($0.54). Honda Motor had a net margin of 3.82% and a return on equity of 6.33%. The company had revenue of $36.25 billion during the quarter, compared to the consensus estimate of $5,371.99 billion. As a group, analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp acquired a new position in shares of Honda Motor during the fourth quarter valued at about $26,000. Hazlett Burt & Watson Inc. grew its holdings in shares of Honda Motor by 1,105.1% during the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company's stock valued at $27,000 after buying an additional 873 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Honda Motor by 460.2% during the first 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 last quarter. Rothschild Investment LLC boosted its holdings in Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock worth $34,000 after purchasing an additional 417 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in Honda Motor during the second quarter worth about $36,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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.