Honda Motor (NYSE:HMC) Shares Gap Down - Should You Sell?

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $29.70, but opened at $29.00. Honda Motor shares last traded at $29.01, with a volume of 106,164 shares trading hands.

Analyst Ratings Changes

HMC has been the subject of a number of recent research reports. Macquarie downgraded Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Wall Street Zen lowered shares of Honda Motor from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Dbs Bank cut shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Sanford C. Bernstein assumed coverage on shares of Honda Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

Honda Motor Stock Up 1.6%

The business has a fifty day moving average of $29.71 and a 200 day moving average of $28.64. 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 firm has a market cap of $46.31 billion, a P/E ratio of 8.50 and a beta of 0.49.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings data 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 3.82% and a return on equity of 6.33%. On average, equities research analysts predict that Honda Motor Co., Ltd. will post 3.99 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Equity Investment Corp raised its position in shares of Honda Motor by 4.6% during the first quarter. Equity Investment Corp now owns 2,198,541 shares of the company's stock worth $59,646,000 after purchasing an additional 96,230 shares during the period. First Trust Advisors LP boosted its holdings in shares of Honda Motor by 11.0% in the fourth quarter. First Trust Advisors LP now owns 1,594,299 shares of the company's stock valued at $45,517,000 after buying an additional 158,072 shares during the period. Bank of America Corp DE increased its holdings in Honda Motor by 6.9% during the 4th quarter. Bank of America Corp DE now owns 1,255,537 shares of the company's stock worth $35,846,000 after purchasing an additional 81,548 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Honda Motor by 1.0% during the first quarter. Northern Trust Corp now owns 1,110,812 shares of the company's stock worth $30,136,000 after buying an additional 11,114 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Honda Motor in the fourth quarter worth $23,272,000. 5.32% of the stock is owned by institutional investors and hedge funds.

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.