Weiss Ratings Reaffirms "Hold (C+)" Rating for Honda Motor (NYSE:HMC)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Honda Motor (NYSE:HMC), indicating a cautious outlook on the company's stock performance.
• Honda shares recently traded up **1.4%**, reaching a price of **$30.57**, with a market capitalization of **$47.71 billion** and a P/E ratio of **10.58**.
• Several institutional investors have boosted their positions in Honda, including Auto Owners Insurance Co, which increased its holdings by **167.6%** during the last quarter.

Honda Motor (NYSE:HMC - Get Free Report)'s stock had its "hold (c+)" rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on HMC. Macquarie downgraded shares of Honda Motor from an "outperform" rating to a "neutral" rating in a report on Wednesday, June 25th. Zacks Research downgraded shares of Honda Motor from a "hold" rating to a "strong sell" rating in a report on Monday, September 1st. Finally, Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce".

Honda Motor Trading Up 1.4%

Shares of NYSE:HMC traded up $0.43 during trading on Tuesday, reaching $30.57. The stock had a trading volume of 355,317 shares, compared to its average volume of 1,030,862. The business has a fifty day moving average price of $33.06 and a 200-day moving average price of $30.81. The company has a quick ratio of 1.01, a current ratio of 1.30 and a debt-to-equity ratio of 0.58. The stock has a market cap of $47.71 billion, a P/E ratio of 10.58, a PEG ratio of 0.99 and a beta of 0.48. Honda Motor has a fifty-two week low of $23.41 and a fifty-two week high of $34.89.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating 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 analyst estimates of $36.04 billion. As a group, analysts anticipate that Honda Motor will post 3.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HMC. Balyasny Asset Management L.P. bought a new position in shares of Honda Motor during the 2nd quarter valued at about $12,987,000. Auto Owners Insurance Co boosted its position in shares of Honda Motor by 167.6% during the 2nd quarter. Auto Owners Insurance Co now owns 655,650 shares of the company's stock valued at $18,902,000 after purchasing an additional 410,650 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Honda Motor by 2.4% during the 2nd quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company's stock valued at $298,895,000 after purchasing an additional 239,663 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Honda Motor by 55.4% during the 2nd quarter. Quantinno Capital Management LP now owns 310,173 shares of the company's stock valued at $8,942,000 after purchasing an additional 110,588 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Honda Motor by 41.4% during the 1st quarter. Millennium Management LLC now owns 342,491 shares of the company's stock valued at $9,292,000 after purchasing an additional 100,330 shares in the last quarter. 5.32% of the stock is currently 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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