Honda Motor (NYSE:HMC) Cut to Buy at StockNews.com

StockNews.com lowered shares of Honda Motor (NYSE:HMCFree Report) from a strong-buy rating to a buy rating in a report published on Friday.

Honda Motor Stock Up 0.3 %

HMC stock opened at $32.04 on Friday. Honda Motor has a 1-year low of $29.05 and a 1-year high of $37.90. The stock’s fifty day simple moving average is $33.91 and its two-hundred day simple moving average is $33.66. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The stock has a market cap of $54.81 billion, a P/E ratio of 6.79, a P/E/G ratio of 6.42 and a beta of 0.69.

Honda Motor (NYSE:HMCGet Free Report) last posted its quarterly earnings results on Friday, May 10th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.55. The company had revenue of $36.56 billion for the quarter, compared to analyst estimates of $37.96 billion. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. Analysts expect that Honda Motor will post 4.5 EPS for the current year.

Institutional Trading of Honda Motor

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Honda Motor by 23.0% in the 1st quarter. GAMMA Investing LLC now owns 1,673 shares of the company’s stock worth $62,000 after acquiring an additional 313 shares during the last quarter. RFP Financial Group LLC increased 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 valued at $25,000 after buying an additional 316 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of Honda Motor by 1.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 20,162 shares of the company’s stock valued at $623,000 after purchasing an additional 326 shares during the period. Gallacher Capital Management LLC grew its position in shares of Honda Motor by 2.6% in the 1st quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company’s stock worth $498,000 after buying an additional 336 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Honda Motor by 2.6% during the first quarter. Fifth Third Bancorp now owns 14,105 shares of the company’s stock valued at $525,000 after purchasing an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 5.32% of the company’s stock.

About Honda Motor

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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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