Honda Motor (NYSE:HMC) Downgraded by StockNews.com to “Buy”

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

Honda Motor Stock Up 0.2 %

Shares of HMC stock opened at $32.48 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.43. Honda Motor has a twelve month low of $29.05 and a twelve month high of $37.90. The business has a fifty day simple moving average of $33.06 and a 200 day simple moving average of $33.79.

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

Hedge Funds Weigh In On Honda Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RFP Financial Group LLC lifted its holdings 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 worth $25,000 after purchasing an additional 316 shares during the period. Rise Advisors LLC acquired a new position in shares of Honda Motor during the first quarter worth $27,000. Pinnacle Bancorp Inc. lifted its holdings in shares of Honda Motor by 324.4% during the fourth quarter. Pinnacle Bancorp Inc. now owns 904 shares of the company’s stock worth $28,000 after purchasing an additional 691 shares during the period. Ramirez Asset Management Inc. acquired a new position in shares of Honda Motor during the third quarter worth $30,000. Finally, Accordant Advisory Group Inc acquired a new position in shares of Honda Motor during the first quarter worth $30,000. 5.32% of the stock is currently 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.