Honda Motor (NYSE:HMC) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Honda Motor (NYSE:HMC) from a buy rating to a hold rating in a research note published on Tuesday.

Separately, UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Price Performance

NYSE HMC opened at $27.97 on Tuesday. The company has a market cap of $43.66 billion, a P/E ratio of 6.91 and a beta of 0.58. Honda Motor has a 1 year low of $23.41 and a 1 year high of $37.90. The company has a fifty day simple moving average of $27.65 and a 200 day simple moving average of $29.37. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. On average, sell-side analysts predict that Honda Motor will post 4.02 EPS for the current year.

Hedge Funds Weigh In On Honda Motor

Several institutional investors have recently added to or reduced their stakes in HMC. Asset Planning Inc bought a new position in Honda Motor during the 4th quarter valued at about $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in Honda Motor in the 4th quarter valued at about $26,000. R Squared Ltd acquired a new stake in Honda Motor in the 4th quarter valued at about $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Honda Motor in the 3rd quarter valued at about $36,000. Finally, Manchester Capital Management LLC acquired a new stake in Honda Motor in the 4th quarter valued at about $40,000. 5.32% of the stock is owned by institutional investors.

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.