Honda Motor (NYSE:HMC) Upgraded by StockNews.com to Buy Rating

Honda Motor (NYSE:HMC) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

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 Stock Performance

NYSE:HMC opened at $27.69 on Wednesday. Honda Motor has a 1 year low of $23.41 and a 1 year high of $37.90. The firm’s fifty day simple moving average is $27.80 and its 200 day simple moving average is $29.29. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $43.21 billion, a PE ratio of 6.84 and a beta of 0.58.

Honda Motor (NYSE:HMC) last posted its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) 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%. The business had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. On average, sell-side analysts anticipate that Honda Motor will post 4.02 EPS for the current year.

Institutional Trading of Honda Motor

A number of hedge funds have recently bought and sold shares of the stock. Fisher Asset Management LLC boosted its holdings in Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after purchasing an additional 227,890 shares during the period. Equity Investment Corp lifted its holdings in shares of Honda Motor by 1.8% during the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock worth $66,557,000 after acquiring an additional 36,221 shares during the period. First Trust Advisors LP boosted its position in shares of Honda Motor by 11.0% during the 4th quarter. First Trust Advisors LP now owns 1,594,299 shares of the company’s stock valued at $45,517,000 after acquiring an additional 158,072 shares in the last quarter. FMR LLC boosted its position in shares of Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after acquiring an additional 466,842 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Honda Motor by 6.9% during the 4th quarter. Bank of America Corp DE now owns 1,255,537 shares of the company’s stock valued at $35,846,000 after acquiring an additional 81,548 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

About Honda Motor

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.