Honda Motor (NYSE:HMC) Rating Lowered to Buy at StockNews.com

Honda Motor (NYSE:HMC) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Honda Motor Stock Performance

Shares of Honda Motor stock traded up $0.09 on Friday, hitting $32.05. 762,098 shares of the company traded hands, compared to its average volume of 982,518. Honda Motor has a 12-month low of $29.05 and a 12-month high of $37.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.43. The firm’s 50-day simple moving average is $33.91 and its 200 day simple moving average is $33.62.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Friday, May 10th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.55. Honda Motor had a return on equity of 8.79% and a net margin of 5.46%. The business had revenue of $36.56 billion for the quarter, compared to the consensus estimate of $37.96 billion. On average, analysts expect that Honda Motor will post 4.5 EPS for the current year.

Institutional Investors Weigh In On Honda Motor

A number of institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC lifted its stake in Honda Motor by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock worth $298,902,000 after purchasing an additional 258,160 shares during the last quarter. Value Partners Investments Inc. increased its stake in Honda Motor by 72.8% in the 4th quarter. Value Partners Investments Inc. now owns 235,000 shares of the company’s stock worth $7,264,000 after purchasing an additional 99,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Honda Motor by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after purchasing an additional 141,552 shares during the period. XY Capital Ltd grew its holdings in shares of Honda Motor by 81.0% in the fourth quarter. XY Capital Ltd now owns 302,099 shares of the company’s stock worth $9,338,000 after purchasing an additional 135,224 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Honda Motor by 5.5% in the third quarter. FMR LLC now owns 783,040 shares of the company’s stock worth $26,341,000 after buying an additional 41,000 shares during the period. Hedge funds and other institutional investors own 5.32% of the company’s stock.

About Honda Motor

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.