Honda Motor (NYSE:HMC) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of Honda Motor (NYSE:HMC) from a strong-buy rating to a buy rating in a report issued on Wednesday.

Honda Motor Stock Up 0.2 %

Shares of HMC stock opened at $32.48 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.43. The firm’s 50 day moving average is $33.06 and its 200 day moving average is $33.79. Honda Motor has a 12 month low of $29.05 and a 12 month high of $37.90.

Honda Motor (NYSE:HMC) last posted its earnings results on Friday, May 10th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.55. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. The business had revenue of $36.56 billion for the quarter, compared to analysts’ expectations of $37.96 billion. As a group, research analysts expect that Honda Motor will post 4.5 earnings per share for the current fiscal year.

Institutional Trading of Honda Motor

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in shares of Honda Motor by 23.0% during the 1st quarter. GAMMA Investing LLC now owns 1,673 shares of the company’s stock valued at $62,000 after purchasing an additional 313 shares during the last quarter. RFP Financial Group LLC grew its holdings in shares of Honda Motor by 91.3% during the 1st quarter. RFP Financial Group LLC now owns 662 shares of the company’s stock valued at $25,000 after purchasing an additional 316 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Honda Motor by 1.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 20,162 shares of the company’s stock valued at $623,000 after purchasing an additional 326 shares during the last quarter. Gallacher Capital Management LLC grew its holdings in Honda Motor by 2.6% in the 1st quarter. Gallacher Capital Management LLC now owns 13,370 shares of the company’s stock worth $498,000 after acquiring an additional 336 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in Honda Motor by 2.6% in the 1st quarter. Fifth Third Bancorp now owns 14,105 shares of the company’s stock worth $525,000 after acquiring an additional 360 shares during 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.