Honda Motor (NYSE:HMC) Reaches New 52-Week High - Here's Why

Key Points

• Honda Motor's shares recently reached a new 52-week high of $34.70 during trading, with the last recorded price at $34.54.
• Analysts have mixed opinions, with Macquarie downgrading Honda from "outperform" to "neutral," while Wall Street Zen upgraded the stock from "sell" to "hold."
• Honda Motor reported $0.97 earnings per share for the last quarter, significantly beating the consensus estimate of $0.51.

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $34.70 and last traded at $34.54, with a volume of 52883 shares trading hands. The stock had previously closed at $34.03.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HMC shares. Dbs Bank cut Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Wall Street Zen raised Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Macquarie cut Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Honda Motor currently has a consensus rating of "Hold".

Honda Motor Trading Down 0.9%

The stock has a market capitalization of $53.52 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 1.04 and a beta of 0.52. The stock has a 50-day moving average price of $31.26 and a two-hundred day moving average price of $29.69. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%.The firm had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. On average, research analysts forecast that Honda Motor Co., Ltd. will post 3.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Several hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Honda Motor during the second quarter valued at approximately $29,000. Advisory Services Network LLC boosted its position in shares of Honda Motor by 1.3% during the second quarter. Advisory Services Network LLC now owns 25,183 shares of the company's stock valued at $787,000 after purchasing an additional 329 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of Honda Motor by 58.3% during the second quarter. Evergreen Capital Management LLC now owns 21,178 shares of the company's stock valued at $611,000 after purchasing an additional 7,801 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Honda Motor by 41.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,503 shares of the company's stock valued at $101,000 after purchasing an additional 1,029 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in Honda Motor by 5.9% during the second quarter. Corient Private Wealth LLC now owns 48,705 shares of the company's stock valued at $1,404,000 after buying an additional 2,725 shares during the last quarter. 5.32% of the stock is currently owned by institutional investors.

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.