Honda Motor (NYSE:HMC) Upgraded at StockNews.com

StockNews.com upgraded shares of Honda Motor (NYSE:HMC) from a hold rating to a buy rating in a report published on Wednesday morning.

Separately, UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th.

Honda Motor Stock Down 0.3 %

NYSE:HMC opened at $27.16 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.38. The firm has a market cap of $42.38 billion, a P/E ratio of 6.32 and a beta of 0.58. Honda Motor has a fifty-two week low of $23.41 and a fifty-two week high of $37.90. The firm has a 50-day simple moving average of $27.92 and a two-hundred day simple moving average of $29.23.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.37. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. The company had revenue of $36.31 billion during the quarter, compared to analyst estimates of $35.31 billion. Analysts predict that Honda Motor will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently made changes to their positions in HMC. CWM LLC raised its position in Honda Motor by 15.1% in the third quarter. CWM LLC now owns 4,839 shares of the company’s stock worth $154,000 after acquiring an additional 634 shares during the period. Creative Planning increased its stake in shares of Honda Motor by 19.6% in the 3rd quarter. Creative Planning now owns 156,756 shares of the company’s stock worth $4,974,000 after purchasing an additional 25,718 shares in the last quarter. Blue Trust Inc. raised its holdings in Honda Motor by 139.6% in the 3rd quarter. Blue Trust Inc. now owns 8,329 shares of the company’s stock worth $269,000 after purchasing an additional 4,853 shares during the period. Raymond James & Associates lifted its position in Honda Motor by 5.5% during the third quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock valued at $11,046,000 after purchasing an additional 18,134 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Honda Motor by 29.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,021 shares of the company’s stock valued at $413,000 after purchasing an additional 2,935 shares during the period. Hedge funds and other institutional investors 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.