Honda Motor (NYSE:HMC) Upgraded by StockNews.com to Buy Rating

Honda Motor (NYSE:HMC) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Separately, UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Trading Down 3.5 %

Honda Motor stock opened at $27.69 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. Honda Motor has a 12 month low of $23.41 and a 12 month high of $37.90. The company’s fifty day simple moving average is $27.80 and its 200-day simple moving average is $29.29. The stock has a market cap of $43.21 billion, a P/E ratio of 6.84 and a beta of 0.58.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.37. The company had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. As a group, sell-side analysts forecast that Honda Motor will post 4.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Fisher Asset Management LLC increased its stake in shares of Honda Motor by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock worth $328,273,000 after purchasing an additional 227,890 shares during the last quarter. Equity Investment Corp increased its stake in shares of Honda Motor by 1.8% during the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock worth $66,557,000 after purchasing an additional 36,221 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Honda Motor by 11.0% during the 4th quarter. First Trust Advisors LP now owns 1,594,299 shares of the company’s stock worth $45,517,000 after purchasing an additional 158,072 shares during the last quarter. FMR LLC increased its stake in shares of Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock worth $43,021,000 after purchasing an additional 466,842 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Honda Motor by 6.9% during the 4th quarter. Bank of America Corp DE now owns 1,255,537 shares of the company’s stock worth $35,846,000 after purchasing an additional 81,548 shares during the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Honda Motor Company Profile

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.