Honda Motor (NYSE:HMC) Trading 1.7% Higher – Should You Buy?

Shares of Honda Motor Co., Ltd. (NYSE:HMC) traded up 1.7% during mid-day trading on Friday . The company traded as high as $29.10 and last traded at $28.84. 543,200 shares were traded during trading, a decline of 46% from the average session volume of 998,324 shares. The stock had previously closed at $28.37.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

Honda Motor Stock Performance

The company has a fifty day moving average price of $27.22 and a two-hundred day moving average price of $30.18. The company has a market capitalization of $49.20 billion, a P/E ratio of 7.10, a PEG ratio of 2.57 and a beta of 0.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). The business had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. Equities analysts forecast that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current fiscal year.

Institutional Trading of Honda Motor

Several institutional investors have recently added to or reduced their stakes in HMC. Rothschild Investment LLC acquired a new position in Honda Motor in the second quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Honda Motor in the 3rd quarter valued at about $36,000. Addison Advisors LLC boosted its position in shares of Honda Motor by 391.2% during the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,021 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Honda Motor by 31.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,382 shares of the company’s stock valued at $76,000 after purchasing an additional 564 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Honda Motor by 84.6% in the third quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company’s stock worth $80,000 after purchasing an additional 1,150 shares in the last quarter. 5.32% of the stock is currently 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.