Honda Motor (NYSE:HMC) Rating Increased to Neutral at UBS Group

UBS Group upgraded shares of Honda Motor (NYSE:HMC) from a sell rating to a neutral rating in a research note published on Wednesday, MarketBeat Ratings reports.

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

Honda Motor Stock Performance

Shares of NYSE:HMC opened at $23.89 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. The firm has a market cap of $40.87 billion, a PE ratio of 5.90, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. The firm’s 50 day simple moving average is $27.56 and its 200-day simple moving average is $30.36. Honda Motor has a one year low of $23.41 and a one year high of $37.90.

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

Institutional Investors Weigh In On Honda Motor

Hedge funds have recently made changes to their positions in the stock. Rothschild Investment LLC purchased a new position in Honda Motor in the second quarter worth $28,000. LRI Investments LLC boosted its position in shares of Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 834 shares in the last quarter. Family Firm Inc. purchased a new position in Honda Motor during the 2nd quarter worth $35,000. Wilmington Savings Fund Society FSB purchased a new position in Honda Motor during the 3rd quarter worth $36,000. Finally, Addison Advisors LLC increased its position in Honda Motor by 391.2% during the 3rd 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 in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

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.