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

Honda Motor (NYSE:HMC) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Honda Motor Price Performance

Shares of NYSE HMC opened at $30.28 on Wednesday. The stock’s 50-day simple moving average is $31.91 and its two-hundred day simple moving average is $32.48. The firm has a market capitalization of $51.79 billion, a P/E ratio of 6.41, a P/E/G ratio of 2.76 and a beta of 0.67. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.45. Honda Motor has a twelve month low of $27.69 and a twelve month high of $37.90.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The company had revenue of $34.67 billion during the quarter, compared to analysts’ expectations of $33.75 billion. As a group, equities analysts anticipate that Honda Motor will post 4.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

A number of hedge funds have recently bought and sold shares of HMC. Mondrian Investment Partners LTD lifted its stake in shares of Honda Motor by 20.9% in the 1st quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after purchasing an additional 896,048 shares during the period. Equity Investment Corp lifted its stake in Honda Motor by 1.6% in the 2nd quarter. Equity Investment Corp now owns 2,061,395 shares of the company’s stock worth $66,459,000 after purchasing an additional 33,067 shares in the last quarter. LSV Asset Management boosted its stake in Honda Motor by 2.5% during the first quarter. LSV Asset Management now owns 502,342 shares of the company’s stock valued at $18,702,000 after buying an additional 12,200 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Honda Motor by 10.3% in the second quarter. American Century Companies Inc. now owns 442,458 shares of the company’s stock valued at $14,265,000 after purchasing an additional 41,216 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of Honda Motor by 5.5% in the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after buying an additional 18,134 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

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.