StockNews.com Upgrades Honda Motor (NYSE:HMC) to "Buy"

StockNews.com upgraded shares of Honda Motor (NYSE:HMC - Free Report) from a hold rating to a buy rating in a research note published on Wednesday.

Separately, UBS Group raised Honda Motor from a "sell" rating to a "neutral" rating in a research report on Wednesday, December 18th.

Honda Motor Stock Down 0.3 %

NYSE HMC traded down $0.09 during trading hours on Wednesday, hitting $27.16. 919,443 shares of the company traded hands, compared to its average volume of 1,280,704. The business's 50-day moving average is $27.89 and its 200-day moving average is $29.24. Honda Motor has a twelve month low of $23.41 and a twelve month high of $37.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The stock has a market capitalization of $42.38 billion, a price-to-earnings ratio of 6.32 and a beta of 0.58.

Honda Motor (NYSE:HMC - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The firm had revenue of $36.31 billion during the quarter, compared to analysts' expectations of $35.31 billion. Sell-side analysts anticipate that Honda Motor will post 3.99 earnings per share for the current year.

Institutional Trading of Honda Motor

Several institutional investors and hedge funds have recently bought and sold shares of HMC. Asset Planning Inc acquired a new stake in Honda Motor during the 4th quarter worth approximately $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in Honda Motor during the 4th quarter worth approximately $26,000. R Squared Ltd acquired a new stake in Honda Motor during the 4th quarter worth approximately $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Honda Motor during the 3rd quarter worth approximately $36,000. Finally, Manchester Capital Management LLC acquired a new stake in Honda Motor during the 4th quarter worth approximately $40,000. Institutional investors 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.