Honda Motor (NYSE:HMC) Trading Down 2.7%

Shares of Honda Motor Co., Ltd. (NYSE:HMC - Get Free Report) dropped 2.7% on Friday . The company traded as low as $32.49 and last traded at $32.71. Approximately 106,668 shares were traded during trading, a decline of 88% from the average daily volume of 913,907 shares. The stock had previously closed at $33.61.

Analysts Set New Price Targets

Separately, StockNews.com raised Honda Motor from a "buy" rating to a "strong-buy" rating in a research report on Thursday, July 11th.

Honda Motor Stock Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07. The company has a market cap of $55.12 billion, a P/E ratio of 6.83, a P/E/G ratio of 2.81 and a beta of 0.67. The business has a 50-day moving average of $31.59 and a two-hundred day moving average of $33.17.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.38. The business had revenue of $34.67 billion during the quarter, compared to the consensus estimate of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. On average, sell-side analysts predict that Honda Motor Co., Ltd. will post 4.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Institutional investors have recently added to or reduced their stakes in the business. RFP Financial Group LLC raised its stake in shares of Honda Motor by 91.3% in the first quarter. RFP Financial Group LLC now owns 662 shares of the company's stock worth $25,000 after purchasing an additional 316 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Honda Motor in the first quarter worth about $27,000. Rothschild Investment LLC purchased a new position in shares of Honda Motor in the second quarter worth about $28,000. LRI Investments LLC raised its stake in shares of Honda Motor by 1,263.6% in 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 last quarter. Finally, Family Firm Inc. purchased a new position in shares of Honda Motor in the second quarter worth about $35,000. 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.