Honda Motor (NYSE:HMC - Get Free Report) was upgraded by equities researchers at UBS Group from a "sell" rating to a "neutral" rating in a research note issued on Wednesday, Marketbeat Ratings reports.
Separately, StockNews.com cut shares of Honda Motor from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd.
View Our Latest Analysis on Honda Motor
Honda Motor Stock Performance
HMC stock traded down $1.22 during midday trading on Wednesday, reaching $24.04. 3,128,823 shares of the company were exchanged, compared to its average volume of 954,417. The firm has a market capitalization of $41.12 billion, a price-to-earnings ratio of 5.94, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. The business has a 50-day moving average price of $27.88 and a two-hundred day moving average price of $30.48. Honda Motor has a one year low of $23.99 and a one year high of $37.90. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12.
Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). The company had revenue of $36.24 billion for 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%. Equities research analysts forecast that Honda Motor will post 4.09 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Rothschild Investment LLC bought a new stake in Honda Motor during the second quarter worth about $28,000. LRI Investments LLC boosted its position in shares of Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company's stock worth $29,000 after acquiring an additional 834 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Honda Motor during the 2nd quarter worth approximately $35,000. Wilmington Savings Fund Society FSB bought a new position in Honda Motor in the third quarter valued at approximately $36,000. Finally, Addison Advisors LLC raised its position in Honda Motor by 391.2% during 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 in the last quarter. Institutional investors own 5.32% of the company's stock.
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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