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

StockNews.com upgraded shares of Honda Motor (NYSE:HMC) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Honda Motor Trading Down 0.6 %

Shares of Honda Motor stock opened at $31.37 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.43. The business has a 50 day moving average of $33.41 and a 200 day moving average of $33.67. Honda Motor has a 52 week low of $29.05 and a 52 week high of $37.90.

Honda Motor (NYSE:HMC) last announced its earnings results on Friday, May 10th. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.55. The company had revenue of $36.56 billion during the quarter, compared to the consensus estimate of $37.96 billion. Honda Motor had a return on equity of 8.79% and a net margin of 5.46%. On average, equities research analysts predict that Honda Motor will post 4.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD grew its stake in shares of Honda Motor by 20.9% in the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after acquiring an additional 896,048 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Honda Motor by 2,509.9% during the 4th quarter. International Assets Investment Management LLC now owns 335,373 shares of the company’s stock valued at $10,850,000 after buying an additional 322,523 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Honda Motor by 2.7% in the 4th quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock worth $298,902,000 after purchasing an additional 258,160 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in Honda Motor by 47.1% in the 4th quarter. Brandes Investment Partners LP now owns 522,236 shares of the company’s stock worth $16,142,000 after purchasing an additional 167,120 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Honda Motor by 9.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock worth $52,303,000 after acquiring an additional 141,552 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other 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.