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

Key Points

• Honda Motor has been downgraded to a Strong Sell rating by Zacks Research, reflecting analysts' decreasing confidence in the stock.
• Macquarie and Dbs Bank have also downgraded Honda's ratings recently, with the overall consensus now leaning towards a Reduce classification.
• Despite recent downgrades, Honda Motor reported an EPS of $0.97 for the last quarter, exceeding expectations, along with revenues of $36.22 billion.

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

Other research analysts have also issued reports about the stock. Dbs Bank lowered shares of Honda Motor from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Wall Street Zen upgraded shares of Honda Motor from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Macquarie lowered shares of Honda Motor from an "outperform" rating to a "neutral" rating in a research report on Wednesday, June 25th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce".

Honda Motor Stock Performance

HMC stock traded up $0.14 during midday trading on Monday, reaching $34.32. 563,962 shares of the company's stock traded hands, compared to its average volume of 762,580. The company has a 50-day moving average price of $32.18 and a two-hundred day moving average price of $30.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30. Honda Motor has a 52 week low of $23.41 and a 52 week high of $34.70. The firm has a market capitalization of $53.57 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.14 and a beta of 0.52.

Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $36.04 billion. As a group, equities analysts anticipate that Honda Motor will post 3.99 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HMC. WealthCollab LLC increased its stake in Honda Motor by 66.2% in the second quarter. WealthCollab LLC now owns 916 shares of the company's stock valued at $26,000 after acquiring an additional 365 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in Honda Motor by 1,105.1% in the second 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. Newbridge Financial Services Group Inc. bought a new position in Honda Motor in the second quarter valued at $29,000. Bessemer Group Inc. increased its stake in Honda Motor by 460.2% in the first 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. Finally, NewSquare Capital LLC increased its stake in Honda Motor by 99.8% in the second 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. 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.