StockNews.com Upgrades Honda Motor (NYSE:HMC) to “Buy”

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

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

Honda Motor Price Performance

NYSE:HMC opened at $27.69 on Wednesday. Honda Motor has a one year low of $23.41 and a one year 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. The stock has a market cap of $43.21 billion, a PE ratio of 6.84 and a beta of 0.58. The stock has a 50 day moving average price of $27.80 and a 200 day moving average price of $29.29.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The firm had revenue of $36.31 billion during the quarter, compared to analysts’ expectations of $35.31 billion. Equities research analysts expect that Honda Motor will post 4.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Asset Planning Inc acquired a new stake in Honda Motor during the fourth quarter worth $25,000. Murphy & Mullick Capital Management Corp acquired a new stake in Honda Motor during the fourth quarter worth $26,000. R Squared Ltd acquired a new stake in Honda Motor during the fourth quarter worth $30,000. Wilmington Savings Fund Society FSB acquired a new stake in Honda Motor during the third quarter worth $36,000. Finally, Manchester Capital Management LLC acquired a new stake in Honda Motor during the fourth quarter worth $40,000. 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.