Honda Motor (NYSE:HMC) Stock Rating Lowered by StockNews.com

Honda Motor (NYSE:HMC) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Honda Motor Stock Performance

NYSE:HMC opened at $32.48 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. Honda Motor has a fifty-two week low of $29.05 and a fifty-two week high of $37.90. The stock has a market cap of $55.56 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 6.49 and a beta of 0.68. The firm’s fifty day simple moving average is $33.02 and its 200-day simple moving average is $33.78.

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

Institutional Investors Weigh In On Honda Motor

Large investors have recently added to or reduced their stakes in the business. RFP Financial Group LLC grew its stake in Honda Motor by 91.3% in the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after acquiring an additional 316 shares during the last quarter. Rise Advisors LLC acquired a new stake in Honda Motor in the 1st quarter valued at about $27,000. Pinnacle Bancorp Inc. grew its stake in Honda Motor by 324.4% in the 4th quarter. Pinnacle Bancorp Inc. now owns 904 shares of the company’s stock valued at $28,000 after acquiring an additional 691 shares during the last quarter. Ramirez Asset Management Inc. purchased a new position in Honda Motor in the 3rd quarter valued at about $30,000. Finally, Accordant Advisory Group Inc purchased a new position in Honda Motor in the 1st quarter valued at about $30,000. 5.32% of the stock is owned by institutional investors and hedge funds.

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.