Honda Motor (NYSE:HMC) Shares Gap Down – Here’s What Happened

Honda Motor Co., Ltd. (NYSE:HMC) gapped down prior to trading on Friday . The stock had previously closed at $28.77, but opened at $27.87. Honda Motor shares last traded at $27.46, with a volume of 307,151 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

Honda Motor Trading Down 5.2 %

The stock has a market capitalization of $42.59 billion, a P/E ratio of 6.35 and a beta of 0.61. The stock’s fifty day moving average price is $28.49 and its two-hundred day moving average price is $28.75. The company has a current ratio of 1.38, a quick ratio of 1.10 and a debt-to-equity ratio of 0.51.

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

Institutional Investors Weigh In On Honda Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership bought a new stake in Honda Motor in the 4th quarter worth about $23,272,000. FMR LLC grew its stake in shares of Honda Motor by 52.5% in the third quarter. FMR LLC now owns 1,355,835 shares of the company’s stock worth $43,021,000 after acquiring an additional 466,842 shares during the period. Northern Trust Corp raised its holdings in shares of Honda Motor by 69.9% during the fourth quarter. Northern Trust Corp now owns 1,099,698 shares of the company’s stock valued at $31,396,000 after purchasing an additional 452,624 shares during the last quarter. Raymond James Financial Inc. bought a new position in Honda Motor during the fourth quarter valued at approximately $11,909,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Honda Motor by 153.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 668,092 shares of the company’s stock worth $19,074,000 after purchasing an additional 404,883 shares during the last quarter. 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.