Honda Motor (NYSE:HMC) Downgraded by StockNews.com to “Buy”

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

Honda Motor Stock Up 0.2 %

NYSE:HMC traded up $0.08 during mid-day trading on Wednesday, reaching $32.48. The stock had a trading volume of 359,407 shares, compared to its average volume of 965,799. The stock has a 50-day simple moving average of $33.06 and a two-hundred day simple moving average of $33.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.43. Honda Motor has a 12 month low of $29.05 and a 12 month high of $37.90.

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

Institutional Trading of Honda Motor

A number of hedge funds and other institutional investors have recently modified their holdings of HMC. Stifel Financial Corp grew its stake in shares of Honda Motor by 9.8% during the third quarter. Stifel Financial Corp now owns 89,191 shares of the company’s stock worth $3,000,000 after buying an additional 7,937 shares during the last quarter. Northern Trust Corp grew its stake in shares of Honda Motor by 0.5% during the third quarter. Northern Trust Corp now owns 622,975 shares of the company’s stock worth $20,957,000 after buying an additional 3,269 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Honda Motor by 7.9% during the third quarter. Glenmede Trust Co. NA now owns 13,151 shares of the company’s stock worth $442,000 after purchasing an additional 958 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Honda Motor by 5.5% during the third quarter. Evergreen Capital Management LLC now owns 14,227 shares of the company’s stock worth $479,000 after purchasing an additional 742 shares during the period. Finally, Earnest Partners LLC lifted its holdings in shares of Honda Motor by 1.4% during the third quarter. Earnest Partners LLC now owns 85,400 shares of the company’s stock worth $2,873,000 after purchasing an additional 1,171 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.