Honda Motor (NYSE:HMC) Stock Rating Upgraded by UBS Group

Honda Motor (NYSE:HMC) was upgraded by equities researchers at UBS Group from a “sell” rating to a “neutral” rating in a research note issued on Wednesday,Briefing.com Automated Import reports.

Separately, StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

Honda Motor Trading Down 2.1 %

Shares of NYSE HMC traded down $0.52 during mid-day trading on Wednesday, reaching $24.74. The company had a trading volume of 1,162,123 shares, compared to its average volume of 945,124. Honda Motor has a 52 week low of $24.35 and a 52 week high of $37.90. The business’s 50-day moving average is $28.03 and its 200-day moving average is $30.52. The stock has a market cap of $42.32 billion, a price-to-earnings ratio of 6.12, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The business had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. Equities analysts expect that Honda Motor will post 4.09 earnings per share for the current year.

Institutional Trading of Honda Motor

Several hedge funds have recently modified their holdings of HMC. Rothschild Investment LLC purchased a new stake in shares of Honda Motor during the second quarter valued at about $28,000. LRI Investments LLC lifted its position in shares of Honda Motor by 1,263.6% during the second quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after buying an additional 834 shares during the last quarter. Family Firm Inc. purchased a new stake in shares of Honda Motor during the second quarter valued at about $35,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Honda Motor during the third quarter valued at about $36,000. Finally, Addison Advisors LLC lifted its position in shares of Honda Motor by 391.2% during the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after buying an additional 1,021 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

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.