Honda Motor (NYSE:HMC) Stock Price Down 2.7%

Honda Motor Co., Ltd. (NYSE:HMC)’s stock price dropped 2.7% on Friday . The stock traded as low as $32.49 and last traded at $32.71. Approximately 106,668 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 913,907 shares. The stock had previously closed at $33.61.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Honda Motor from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 11th.

Honda Motor Stock Performance

The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.07 and a current ratio of 1.37. The stock has a market cap of $55.34 billion, a P/E ratio of 7.12, a P/E/G ratio of 2.81 and a beta of 0.67. The business’s 50-day moving average price is $31.59 and its 200-day moving average price is $33.17.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.38. The business had revenue of $34.67 billion during the quarter, compared to analyst estimates of $33.75 billion. Honda Motor had a return on equity of 8.72% and a net margin of 5.34%. As a group, sell-side analysts expect that Honda Motor Co., Ltd. will post 4.73 earnings per share for the current fiscal year.

Institutional Trading of Honda Motor

A number of large investors have recently added to or reduced their stakes in the company. RFP Financial Group LLC raised its position in shares of Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after buying an additional 316 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of Honda Motor in the 1st quarter valued at approximately $27,000. Rothschild Investment LLC purchased a new position in shares of Honda Motor in the 2nd quarter worth approximately $28,000. LRI Investments LLC increased its position in shares of Honda Motor by 1,263.6% during the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 834 shares during the last quarter. Finally, Family Firm Inc. bought a new position in shares of Honda Motor during the 2nd quarter valued at approximately $35,000. 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.