Shares of Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $28.65, but opened at $30.20. Honda Motor shares last traded at $30.12, with a volume of 326,536 shares.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on HMC. StockNews.com lowered Honda Motor from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 2nd. UBS Group upgraded Honda Motor from a "sell" rating to a "neutral" rating in a report on Wednesday, December 18th.
View Our Latest Stock Analysis on Honda Motor
Honda Motor Trading Up 4.0 %
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 stock's 50 day moving average is $27.04 and its 200-day moving average is $30.05. The company has a market cap of $50.96 billion, a PE ratio of 7.36, a P/E/G ratio of 2.51 and a beta of 0.59.
Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). The business had revenue of $36.24 billion for the quarter, compared to analysts' expectations 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 year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Honda Motor by 7.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,236 shares of the company's stock worth $2,071,000 after purchasing an additional 4,483 shares during the period. Acadian Asset Management LLC grew its stake in shares of Honda Motor by 287.5% during the second quarter. Acadian Asset Management LLC now owns 16,386 shares of the company's stock valued at $528,000 after buying an additional 12,157 shares during the last quarter. Caprock Group LLC lifted its stake in shares of Honda Motor by 170.4% during the 2nd quarter. Caprock Group LLC now owns 52,606 shares of the company's stock worth $1,696,000 after acquiring an additional 33,150 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Honda Motor by 3.4% during the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company's stock worth $353,000 after acquiring an additional 359 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management grew its position in Honda Motor by 21.7% in the 2nd quarter. Werba Rubin Papier Wealth Management now owns 7,071 shares of the company's stock valued at $228,000 after acquiring an additional 1,259 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.
About Honda Motor
(
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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