Honda Motor (NYSE:HMC) Trading Up 1.7% – Here’s What Happened

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

Analysts Set New Price Targets

HMC has been the topic of several recent research reports. StockNews.com cut Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Trading Up 1.4 %

The company has a market capitalization of $49.20 billion, a price-to-earnings ratio of 7.10, a P/E/G 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. The business’s 50-day moving average price is $27.22 and its two-hundred day moving average price is $30.18.

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

Hedge Funds Weigh In On Honda Motor

Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Honda Motor by 7.5% in the second quarter. Bank of New York Mellon Corp now owns 64,236 shares of the company’s stock valued at $2,071,000 after acquiring an additional 4,483 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Honda Motor by 201.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 10,086 shares of the company’s stock valued at $325,000 after purchasing an additional 6,737 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in shares of Honda Motor during the 2nd quarter worth $1,309,000. Rothschild Investment LLC bought a new stake in shares of Honda Motor during the 2nd quarter worth $28,000. Finally, Natixis Advisors LLC boosted its stake in Honda Motor by 3.7% in the second quarter. Natixis Advisors LLC now owns 207,908 shares of the company’s stock valued at $6,703,000 after buying an additional 7,449 shares in the last quarter. 5.32% of the stock is 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.