Honda Motor (NYSE:HMC) Stock Rating Upgraded by Zacks Research

Key Points

• Honda Motor has been upgraded by Zacks Research from a "strong sell" to a "hold" rating, highlighting a shift in analyst sentiment towards the stock.
• In the most recent quarter, Honda Motor reported earnings of $0.97 per share, significantly exceeding analysts' expectations of $0.51.
• Total institutional ownership of Honda Motor is currently at 5.32%, with several firms increasing their holdings in the latest quarter.

Honda Motor (NYSE:HMC - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Honda Motor in a research report on Tuesday, October 14th. Finally, Macquarie downgraded shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Honda Motor Trading Up 0.0%

Shares of HMC stock opened at $31.29 on Monday. Honda Motor has a 52-week low of $23.41 and a 52-week high of $34.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. The company has a 50-day simple moving average of $32.88 and a two-hundred day simple moving average of $30.96. The company has a market capitalization of $48.84 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.04 and a beta of 0.48.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The business had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Research analysts anticipate that Honda Motor will post 3.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC boosted its holdings in Honda Motor by 210.1% in the 3rd quarter. Global Retirement Partners LLC now owns 5,427 shares of the company's stock worth $167,000 after buying an additional 3,677 shares during the period. Signaturefd LLC boosted its holdings in Honda Motor by 4.4% in the 3rd quarter. Signaturefd LLC now owns 37,298 shares of the company's stock valued at $1,149,000 after purchasing an additional 1,589 shares during the period. PDS Planning Inc boosted its holdings in Honda Motor by 3.9% in the 3rd quarter. PDS Planning Inc now owns 10,837 shares of the company's stock valued at $334,000 after purchasing an additional 409 shares during the period. Merit Financial Group LLC bought a new position in Honda Motor in the 3rd quarter valued at $209,000. Finally, Tripletail Wealth Management LLC bought a new position in Honda Motor in the 3rd quarter valued at $192,000. 5.32% of the stock is owned by 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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