StockNews.com Downgrades Honda Motor (NYSE:HMC) to Hold

StockNews.com downgraded shares of Honda Motor (NYSE:HMC) from a buy rating to a hold rating in a report issued on Tuesday morning.

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

Honda Motor Price Performance

HMC stock opened at $27.95 on Tuesday. The firm has a market cap of $43.62 billion, a P/E ratio of 6.90 and a beta of 0.58. The firm’s fifty day moving average is $27.58 and its 200 day moving average is $29.40. Honda Motor has a 52 week low of $23.41 and a 52 week high of $37.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43.

Institutional Trading of Honda Motor

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Honda Motor by 31.0% during the third quarter. GAMMA Investing LLC now owns 2,382 shares of the company’s stock worth $76,000 after purchasing an additional 564 shares during the period. CWM LLC raised its position in Honda Motor by 15.1% during the 3rd quarter. CWM LLC now owns 4,839 shares of the company’s stock valued at $154,000 after purchasing an additional 634 shares during the last quarter. Creative Planning lifted its holdings in 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 buying an additional 25,718 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of Honda Motor by 13.6% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 15,148 shares of the company’s stock worth $481,000 after buying an additional 1,811 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Honda Motor by 139.6% during the third quarter. Blue Trust Inc. now owns 8,329 shares of the company’s stock valued at $269,000 after buying an additional 4,853 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.