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

Honda Motor logo with Auto/Tires/Trucks background

Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $23.89, but opened at $27.33. Honda Motor shares last traded at $27.07, with a volume of 1,887,753 shares traded.

Wall Street Analysts Forecast Growth

HMC has been the topic of several research reports. UBS Group upgraded shares of Honda Motor from a "sell" rating to a "neutral" rating in a research note on Wednesday, December 18th. StockNews.com downgraded shares of Honda Motor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 2nd.

Read Our Latest Analysis on Honda Motor

Honda Motor Stock Up 12.7 %

The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $27.56 and a two-hundred day moving average of $30.33. The firm has a market capitalization of $46.07 billion, a price-to-earnings ratio of 6.65, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC - Get Free Report) last posted its quarterly 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 company had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. As a group, sell-side analysts anticipate that Honda Motor Co., Ltd. will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rothschild Investment LLC bought a new position in Honda Motor in the 2nd quarter valued at approximately $28,000. LRI Investments LLC lifted its holdings 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. Wilmington Savings Fund Society FSB bought a new stake in shares of Honda Motor in the third quarter worth $36,000. Addison Advisors LLC increased its holdings in Honda Motor by 391.2% in the third 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 during the period. Finally, Ridgewood Investments LLC bought a new position in Honda Motor during the 2nd quarter worth $67,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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.

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