Honda Motor (NYSE:HMC - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.
Honda Motor Price Performance
Shares of Honda Motor stock traded down $0.02 during trading hours on Friday, reaching $30.29. 514,481 shares of the company's stock were exchanged, compared to its average volume of 880,945. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.45. Honda Motor has a 1 year low of $27.69 and a 1 year high of $37.90. The business has a fifty day moving average of $31.70 and a two-hundred day moving average of $32.20. The company has a market capitalization of $51.81 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67.
Honda Motor (NYSE:HMC - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.38. The business had revenue of $34.67 billion for the quarter, compared to analyst estimates of $33.75 billion. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. As a group, research analysts predict that Honda Motor will post 4.6 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. RFP Financial Group LLC raised its position in shares of Honda Motor by 91.3% during the first quarter. RFP Financial Group LLC now owns 662 shares of the company's stock worth $25,000 after acquiring an additional 316 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of Honda Motor during the 2nd quarter valued at $28,000. LRI Investments LLC acquired a new position in Honda Motor during the 1st quarter worth about $34,000. Family Firm Inc. bought a new position in shares of Honda Motor in the 2nd quarter worth about $35,000. Finally, Mather Group LLC. increased its position in Honda Motor by 15,153.8% in the 2nd quarter. Mather Group LLC. now owns 1,983 shares of the company's stock valued at $64,000 after buying an additional 1,970 shares in the last quarter. 5.32% of the stock is owned by 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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