Honda Motor (NYSE:HMC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Honda Motor from a "sell" rating to a "hold" rating, reflecting a more favorable outlook on the stock.
• Recent performance data shows Honda Motor's shares increased by 3.5%, with a current market cap of $50.84 billion and significant earnings exceeding consensus estimates.
• Institutional investors are actively adjusting their positions, with equity firms like Equity Investment Corp and First Trust Advisors LP increasing their holdings in Honda Motor.

Honda Motor (NYSE:HMC - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other equities analysts have also recently issued reports on the company. Macquarie cut Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Sanford C. Bernstein started coverage on Honda Motor in a research report on Monday, April 14th. They issued a "market perform" rating for the company. Finally, Dbs Bank lowered Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

Honda Motor Price Performance

HMC traded up $0.86 on Friday, hitting $33.56. 874,224 shares of the stock were exchanged, compared to its average volume of 1,093,642. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.01. The firm has a market capitalization of $52.37 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 0.98 and a beta of 0.52. Honda Motor has a 12 month low of $23.41 and a 12 month high of $34.51. The business has a 50-day moving average of $30.43 and a two-hundred day moving average of $29.34.

Honda Motor (NYSE:HMC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.46. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. The company had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Sell-side analysts forecast that Honda Motor will post 3.99 EPS for the current fiscal year.

Institutional Trading of Honda Motor

Large investors have recently modified their holdings of the business. Hazlett Burt & Watson Inc. boosted its position in shares of Honda Motor by 1,105.1% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company's stock valued at $27,000 after acquiring an additional 873 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of Honda Motor by 99.8% during the 2nd quarter. NewSquare Capital LLC now owns 1,065 shares of the company's stock valued at $31,000 after acquiring an additional 532 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Honda Motor by 460.2% during the 1st quarter. Bessemer Group Inc. now owns 1,098 shares of the company's stock valued at $30,000 after acquiring an additional 902 shares during the last quarter. Rothschild Investment LLC boosted its position in shares of Honda Motor by 50.4% during the 1st quarter. Rothschild Investment LLC now owns 1,245 shares of the company's stock valued at $34,000 after acquiring an additional 417 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Honda Motor during the 2nd quarter valued at about $36,000. Institutional investors own 5.32% of the company's stock.

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.