Honda Motor (NYSE:HMC) Lowered to Neutral Rating by Macquarie

Macquarie cut shares of Honda Motor (NYSE:HMC - Free Report) from an outperform rating to a neutral rating in a report published on Wednesday morning, Marketbeat reports.

A number of other research firms also recently commented on HMC. Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a "market perform" rating on the stock. Dbs Bank downgraded shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Honda Motor from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold".

Honda Motor Stock Performance

Shares of NYSE HMC traded up $0.91 during midday trading on Wednesday, hitting $29.72. The company's stock had a trading volume of 1,204,381 shares, compared to its average volume of 1,070,864. Honda Motor has a 1-year low of $23.41 and a 1-year high of $33.72. The firm's fifty day moving average price is $29.73 and its 200-day moving average price is $28.57. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.07 and a current ratio of 1.36. The firm has a market cap of $46.38 billion, a P/E ratio of 8.51 and a beta of 0.51.

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 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 firm had revenue of $36.25 billion during the quarter, compared to the consensus estimate of $5,371.99 billion. On average, sell-side analysts forecast that Honda Motor will post 3.99 EPS for the current fiscal year.

Institutional Trading of Honda Motor

Hedge funds and other institutional investors have recently made changes to their positions in the business. Equity Investment Corp increased its position in shares of Honda Motor by 4.6% in the first quarter. Equity Investment Corp now owns 2,198,541 shares of the company's stock worth $59,646,000 after acquiring an additional 96,230 shares in the last quarter. First Trust Advisors LP increased its position 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 worth $45,517,000 after acquiring an additional 158,072 shares in the last quarter. Bank of America Corp DE increased its position in shares of Honda Motor by 6.9% in the fourth quarter. Bank of America Corp DE now owns 1,255,537 shares of the company's stock worth $35,846,000 after acquiring an additional 81,548 shares in the last quarter. Northern Trust Corp increased its position in shares of Honda Motor by 1.0% in the first quarter. Northern Trust Corp now owns 1,110,812 shares of the company's stock worth $30,136,000 after acquiring an additional 11,114 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Honda Motor in the fourth quarter worth approximately $23,272,000. 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.