Honda Motor (NYSE:HMC) Reaches New 1-Year High at $33.08

Honda Motor Co., Ltd. (NYSE:HMC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $33.08 and last traded at $33.03, with a volume of 293493 shares. The stock had previously closed at $32.33.

Wall Street Analyst Weigh In

A number of research firms recently commented on HMC. Macquarie raised shares of Honda Motor from a “neutral” rating to an “outperform” rating in a report on Friday, August 11th. Nomura cut shares of Honda Motor from a “buy” rating to a “neutral” rating in a report on Tuesday, June 20th. UBS Group cut shares of Honda Motor from a “neutral” rating to a “sell” rating in a report on Thursday, July 6th. Finally, StockNews.com started coverage on shares of Honda Motor in a report on Thursday, August 17th. They set a “strong-buy” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Honda Motor Price Performance

The business’s fifty day simple moving average is $31.14 and its 200-day simple moving average is $28.74. The company has a current ratio of 1.44, a quick ratio of 1.11 and a debt-to-equity ratio of 0.40. The firm has a market cap of $57.19 billion, a P/E ratio of 8.51, a PEG ratio of 0.52 and a beta of 0.77.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, August 9th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.61. The firm had revenue of $33.70 billion for the quarter, compared to analysts’ expectations of $33.57 billion. Honda Motor had a net margin of 5.11% and a return on equity of 7.73%. As a group, analysts forecast that Honda Motor Co., Ltd. will post 3.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dodge & Cox grew its position in Honda Motor by 2.1% in the first quarter. Dodge & Cox now owns 45,265,991 shares of the company’s stock worth $1,199,096,000 after acquiring an additional 926,171 shares in the last quarter. Fisher Asset Management LLC grew its position in Honda Motor by 1.4% in the second quarter. Fisher Asset Management LLC now owns 8,983,125 shares of the company’s stock worth $272,279,000 after acquiring an additional 122,520 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Honda Motor by 14.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,620,975 shares of the company’s stock worth $122,410,000 after acquiring an additional 573,648 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Honda Motor by 625.4% in the first quarter. Envestnet Asset Management Inc. now owns 3,131,777 shares of the company’s stock worth $9,082,000 after acquiring an additional 2,700,073 shares in the last quarter. Finally, Millennium Management LLC grew its position in Honda Motor by 137.1% in the fourth quarter. Millennium Management LLC now owns 2,277,025 shares of the company’s stock worth $52,053,000 after acquiring an additional 1,316,546 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

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.