Honda Motor (NYSE:HMC) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Honda Motor (NYSE:HMC) from a buy rating to a hold rating in a research note published on Wednesday morning.

Separately, Sanford C. Bernstein started coverage on shares of Honda Motor in a research report on Monday, April 14th. They set a “market perform” rating for the company.

Honda Motor Stock Performance

HMC opened at $29.16 on Wednesday. The business has a 50 day moving average price of $28.96 and a two-hundred day moving average price of $28.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.10. The company has a market capitalization of $45.51 billion, a price-to-earnings ratio of 6.78 and a beta of 0.55. Honda Motor has a 1-year low of $23.41 and a 1-year high of $34.05.

Honda Motor (NYSE:HMC) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.54). Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The firm had revenue of $36.25 billion during the quarter, compared to the consensus estimate of $5,371.99 billion. Research analysts predict that Honda Motor will post 3.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HMC. Lido Advisors LLC boosted its position in Honda Motor by 2.1% during the 4th quarter. Lido Advisors LLC now owns 18,743 shares of the company’s stock worth $535,000 after acquiring an additional 385 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Honda Motor by 0.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 49,165 shares of the company’s stock worth $1,404,000 after purchasing an additional 401 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of Honda Motor by 50.4% during the first quarter. Rothschild Investment LLC now owns 1,245 shares of the company’s stock worth $34,000 after purchasing an additional 417 shares during the period. Hexagon Capital Partners LLC grew its position in Honda Motor by 17.7% during the first quarter. Hexagon Capital Partners LLC now owns 2,955 shares of the company’s stock valued at $80,000 after purchasing an additional 444 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Honda Motor by 1.1% in the 4th quarter. Rhumbline Advisers now owns 40,775 shares of the company’s stock valued at $1,164,000 after buying an additional 457 shares during the period. 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.