Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 2,277,818 shares were traded during mid-day trading, an increase of 143% from the previous session's volume of 937,333 shares.The stock last traded at $25.50 and had previously closed at $25.02.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut shares of Honda Motor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 2nd.
Get Our Latest Stock Analysis on HMC
Honda Motor Stock Performance
The stock has a market capitalization of $43.20 billion, a P/E ratio of 6.24, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $28.03 and a two-hundred day moving average price of $30.52.
Honda Motor (NYSE:HMC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.43). The business had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. On average, equities analysts forecast that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current year.
Hedge Funds Weigh In On Honda Motor
Several institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new position in Honda Motor during the 2nd quarter worth approximately $28,000. LRI Investments LLC raised its position in shares of Honda Motor by 1,263.6% during the second quarter. LRI Investments LLC now owns 900 shares of the company's stock worth $29,000 after purchasing an additional 834 shares during the period. Family Firm Inc. bought a new position in shares of Honda Motor in the 2nd quarter worth $35,000. Wilmington Savings Fund Society FSB acquired a new stake in Honda Motor in the 3rd quarter valued at $36,000. Finally, Addison Advisors LLC increased its stake in Honda Motor by 391.2% during the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company's stock valued at $41,000 after purchasing an additional 1,021 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company's stock.
Honda Motor Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Honda Motor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Honda Motor wasn't on the list.
While Honda Motor currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
