Honda Motor (NYSE:HMC) Stock Rating Lowered by Macquarie

Honda Motor (NYSE:HMC - Get Free Report) was downgraded by equities research analysts at Macquarie from an "outperform" rating to a "neutral" rating in a research note issued to investors on Wednesday,Finviz reports.

A number of other equities analysts have also recently commented on HMC. Wall Street Zen cut 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 report on Monday, April 14th. They set a "market perform" rating for the company. Finally, Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th. 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 data from MarketBeat, the company presently has a consensus rating of "Hold".

Honda Motor Stock Performance

NYSE:HMC opened at $28.87 on Wednesday. Honda Motor has a 1-year low of $23.41 and a 1-year high of $33.72. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.36 and a quick ratio of 1.07. The business has a 50 day moving average of $29.71 and a 200 day moving average of $28.53. The company has a market capitalization of $45.05 billion, a price-to-earnings ratio of 8.27 and a beta of 0.51.

Honda Motor (NYSE:HMC - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.18 EPS 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 business had revenue of $36.25 billion for the quarter, compared to the consensus estimate of $5,371.99 billion. On average, sell-side analysts predict that Honda Motor will post 3.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Several institutional investors and hedge funds have recently modified their holdings of HMC. Murphy & Mullick Capital Management Corp bought a new position in Honda Motor in the fourth quarter worth about $26,000. Bessemer Group Inc. raised its position in shares of Honda Motor by 460.2% in the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock worth $30,000 after acquiring an additional 902 shares in the last quarter. Rothschild Investment LLC lifted its position in Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after buying an additional 417 shares during the period. National Bank of Canada FI lifted its position in Honda Motor by 277.7% during the 4th quarter. National Bank of Canada FI now owns 1,809 shares of the company's stock valued at $52,000 after acquiring an additional 1,330 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Honda Motor by 70.1% in the 4th quarter. Farther Finance Advisors LLC now owns 1,868 shares of the company's stock worth $53,000 after purchasing an additional 770 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

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.

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