Honda Motor (NYSE:HMC) Shares Gap Down - Here's Why

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $28.77, but opened at $27.87. Honda Motor shares last traded at $27.46, with a volume of 307,151 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HMC shares. UBS Group raised 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 Stock Performance

The firm's 50 day moving average is $28.49 and its 200-day moving average is $28.74. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of 6.31 and a beta of 0.61. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38.

Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The business had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. Analysts forecast that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

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Hedge Funds Weigh In On Honda Motor

Hedge funds have recently made changes to their positions in the company. Lido Advisors LLC raised its stake in Honda Motor by 2.1% in the 4th quarter. Lido Advisors LLC now owns 18,743 shares of the company's stock valued at $535,000 after purchasing an additional 385 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Honda Motor by 0.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company's stock valued at $1,404,000 after buying an additional 401 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in Honda Motor by 8.5% in the 4th quarter. Bruce G. Allen Investments LLC now owns 5,683 shares of the company's stock valued at $162,000 after acquiring an additional 445 shares during the last quarter. Rhumbline Advisers lifted its position in Honda Motor by 1.1% during the fourth quarter. Rhumbline Advisers now owns 40,775 shares of the company's stock worth $1,164,000 after buying an additional 457 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Honda Motor by 14.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,111 shares of the company's stock worth $117,000 after buying an additional 507 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company's stock.

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.