Honda Motor (NYSE:HMC) Coverage Initiated at Sanford C. Bernstein

Research analysts at Sanford C. Bernstein initiated coverage on shares of Honda Motor (NYSE:HMC - Get Free Report) in a report released on Monday, Marketbeat.com reports. The brokerage set a "market perform" rating on the stock.

HMC has been the subject of several other research reports. UBS Group raised shares of Honda Motor from a "sell" rating to a "neutral" rating in a research report on Wednesday, December 18th. StockNews.com upgraded Honda Motor from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th.

Honda Motor Price Performance

Shares of HMC traded up $0.63 during mid-day trading on Monday, reaching $29.09. 1,314,651 shares of the company's stock were exchanged, compared to its average volume of 1,074,036. The company has a 50-day simple moving average of $28.08 and a two-hundred day simple moving average of $28.23. The company has a market cap of $45.40 billion, a price-to-earnings ratio of 6.76 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. Honda Motor has a 52-week low of $23.41 and a 52-week high of $34.99.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $0.94 by $0.37. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. On average, sell-side analysts predict that Honda Motor will post 3.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

A number of institutional investors have recently added to or reduced their stakes in HMC. Arrowstreet Capital Limited Partnership acquired a new position in shares of Honda Motor in the 4th quarter worth $23,272,000. Northern Trust Corp raised its holdings in shares of Honda Motor by 69.9% during the fourth quarter. Northern Trust Corp now owns 1,099,698 shares of the company's stock worth $31,396,000 after acquiring an additional 452,624 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Honda Motor during the 4th quarter worth about $11,909,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Honda Motor by 153.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company's stock valued at $19,074,000 after buying an additional 404,883 shares during the last quarter. Finally, Tiger Pacific Capital LP acquired a new position in Honda Motor in the fourth quarter worth approximately $8,225,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Company Profile

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.