Honda Motor (NYSE:HMC) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Honda Motor (NYSE:HMC) from a strong-buy rating to a buy rating in a research note released on Saturday morning.

Honda Motor Trading Down 0.1 %

HMC stock opened at $30.29 on Friday. Honda Motor has a one year low of $27.69 and a one year high of $37.90. The company’s fifty day moving average price is $31.70 and its 200-day moving average price is $32.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.37 and a quick ratio of 1.07.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, August 7th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.19 by $0.38. Honda Motor had a net margin of 5.34% and a return on equity of 8.72%. The firm had revenue of $34.67 billion for the quarter, compared to the consensus estimate of $33.75 billion. Research analysts forecast that Honda Motor will post 4.6 EPS for the current year.

Hedge Funds Weigh In On Honda Motor

Several hedge funds have recently modified their holdings of HMC. Mondrian Investment Partners LTD lifted its holdings in shares of Honda Motor by 20.9% in the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after buying an additional 896,048 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Honda Motor in the second quarter worth $8,635,000. International Assets Investment Management LLC increased its position in Honda Motor by 1,906.3% in the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after purchasing an additional 184,057 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Honda Motor in the second quarter worth $5,396,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Honda Motor in the second quarter worth $3,595,000. 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.