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

Honda Motor Co., Ltd. (NYSE:HMC) shares gapped up before the market opened on Wednesday . The stock had previously closed at $27.54, but opened at $28.95. Honda Motor shares last traded at $28.48, with a volume of 132,768 shares.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th. StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd.

Honda Motor Stock Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12. The company’s fifty day simple moving average is $27.39 and its two-hundred day simple moving average is $29.50. The stock has a market cap of $44.58 billion, a price-to-earnings ratio of 7.06 and a beta of 0.58.

Honda Motor (NYSE:HMC) last announced its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). The firm had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. On average, analysts forecast that Honda Motor Co., Ltd. will post 4.02 earnings per share for the current year.

Institutional Trading of Honda Motor

Institutional investors and hedge funds have recently made changes to their positions in the company. Asset Planning Inc purchased a new stake in shares of Honda Motor in the fourth quarter valued at about $25,000. R Squared Ltd purchased a new stake in shares of Honda Motor in the fourth quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Honda Motor in the third quarter valued at about $36,000. Addison Advisors LLC raised its holdings in shares of Honda Motor by 391.2% in the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new position in Honda Motor during the fourth quarter valued at about $40,000. Hedge funds and other 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.