Honda Motor (NYSE:HMC) Upgraded at Zacks Research

Zacks Research upgraded shares of Honda Motor (NYSE:HMC) from a strong sell rating to a hold rating in a report published on Monday morning,Zacks.com reports.

HMC has been the subject of a number of other research reports. Wall Street Zen upgraded Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Honda Motor in a research report on Tuesday, October 14th. Finally, Macquarie downgraded Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Honda Motor currently has an average rating of “Hold”.

Honda Motor Stock Performance

Shares of HMC opened at $31.86 on Monday. The company has a market cap of $49.72 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.04 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $32.85 and a 200-day moving average price of $30.97. Honda Motor has a 12-month low of $23.41 and a 12-month high of $34.89.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.46. The firm had revenue of $36.22 billion during the quarter, compared to the consensus estimate of $36.04 billion. Honda Motor had a return on equity of 5.03% and a net margin of 2.95%. As a group, equities analysts forecast that Honda Motor will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

A number of large investors have recently bought and sold shares of HMC. Fisher Asset Management LLC increased its stake in shares of Honda Motor by 2.4% during the second quarter. Fisher Asset Management LLC now owns 10,367,489 shares of the company’s stock valued at $298,895,000 after buying an additional 239,663 shares during the period. Equity Investment Corp increased its stake in shares of Honda Motor by 2.0% during the second quarter. Equity Investment Corp now owns 2,243,527 shares of the company’s stock valued at $64,681,000 after buying an additional 44,986 shares during the period. Northern Trust Corp increased its stake in shares of Honda Motor by 1.0% during the first quarter. Northern Trust Corp now owns 1,110,812 shares of the company’s stock valued at $30,136,000 after buying an additional 11,114 shares during the period. Brandes Investment Partners LP increased its stake in shares of Honda Motor by 4.8% during the second quarter. Brandes Investment Partners LP now owns 847,314 shares of the company’s stock valued at $24,428,000 after buying an additional 38,690 shares during the period. Finally, Auto Owners Insurance Co increased its stake in shares of Honda Motor by 167.6% during the second quarter. Auto Owners Insurance Co now owns 655,650 shares of the company’s stock valued at $18,902,000 after buying an additional 410,650 shares during the period. 5.32% of the stock is 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.