Honda Motor (NYSE:HMC) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Honda Motor (NYSE:HMC – Get Rating) in a research note released on Thursday morning. The firm issued a strong-buy rating on the stock.

Other equities analysts also recently issued reports about the stock. TheStreet raised shares of Honda Motor from a c+ rating to a b- rating in a research note on Tuesday, January 31st. JPMorgan Chase & Co. raised shares of Honda Motor from a neutral rating to an overweight rating in a research note on Tuesday, February 28th.

Honda Motor Stock Performance

NYSE HMC opened at $24.93 on Thursday. The company has a 50-day simple moving average of $25.06 and a two-hundred day simple moving average of $24.07. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. Honda Motor has a 12-month low of $21.43 and a 12-month high of $29.19. The firm has a market cap of $42.65 billion, a price-to-earnings ratio of 7.99, a PEG ratio of 1.29 and a beta of 0.75.

Hedge Funds Weigh In On Honda Motor

Hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. raised its stake in Honda Motor by 4.7% in the third quarter. Assetmark Inc. now owns 101,086 shares of the company’s stock worth $2,182,000 after buying an additional 4,520 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Honda Motor by 3.0% in the third quarter. Crossmark Global Holdings Inc. now owns 128,276 shares of the company’s stock worth $2,770,000 after buying an additional 3,759 shares in the last quarter. Dodge & Cox raised its stake in Honda Motor by 0.3% in the second quarter. Dodge & Cox now owns 47,504,753 shares of the company’s stock worth $1,147,240,000 after buying an additional 126,800 shares in the last quarter. Raymond James & Associates raised its stake in Honda Motor by 2.8% in the third quarter. Raymond James & Associates now owns 240,335 shares of the company’s stock worth $5,189,000 after buying an additional 6,623 shares in the last quarter. Finally, Nicholas Hoffman & Company LLC. raised its stake in Honda Motor by 27.4% in the second quarter. Nicholas Hoffman & Company LLC. now owns 23,071 shares of the company’s stock worth $557,000 after buying an additional 4,959 shares in the last quarter. 5.48% of the stock is owned by institutional investors.

Honda Motor Company Profile

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Honda Motor Co, Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories.