Honda Motor (NYSE:HMC) Shares Gap Up – What’s Next?

Honda Motor Co., Ltd. (NYSE:HMC) shares gapped up before the market opened on Monday . The stock had previously closed at $28.65, but opened at $30.20. Honda Motor shares last traded at $30.12, with a volume of 326,536 shares trading hands.

Wall Street Analysts Forecast Growth

HMC has been the subject of several research reports. StockNews.com cut shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Price Performance

The stock has a market cap of $51.34 billion, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 2.51 and a beta of 0.59. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $27.00 and its 200-day simple moving average is $30.03.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). The business had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. As a group, sell-side analysts forecast that Honda Motor Co., Ltd. will post 4.09 EPS for the current year.

Institutional Investors Weigh In On Honda Motor

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Honda Motor by 44.8% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the company’s stock worth $98,000 after acquiring an additional 1,066 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Honda Motor by 22.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 57,739 shares of the company’s stock valued at $1,832,000 after buying an additional 10,720 shares during the last quarter. DGS Capital Management LLC raised its position in shares of Honda Motor by 0.7% during the third quarter. DGS Capital Management LLC now owns 95,092 shares of the company’s stock worth $3,017,000 after acquiring an additional 668 shares during the last quarter. Logan Capital Management Inc. lifted its stake in shares of Honda Motor by 4.3% during the third quarter. Logan Capital Management Inc. now owns 92,307 shares of the company’s stock valued at $2,929,000 after acquiring an additional 3,817 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Honda Motor in the third quarter valued at about $36,000. 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.