Honda Motor (NYSE:HMC) Upgraded by StockNews.com to “Strong-Buy”

Honda Motor (NYSE:HMC) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

Honda Motor Trading Up 1.4 %

Shares of HMC opened at $32.07 on Thursday. The stock has a fifty day moving average price of $32.84 and a two-hundred day moving average price of $33.84. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. Honda Motor has a 52-week low of $29.05 and a 52-week high of $37.90.

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

Institutional Investors Weigh In On Honda Motor

A number of institutional investors have recently made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in Honda Motor by 2.7% in the fourth quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock valued at $298,902,000 after acquiring an additional 258,160 shares during the period. Mondrian Investment Partners LTD grew its stake in Honda Motor by 20.9% in the first quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock valued at $191,538,000 after acquiring an additional 896,048 shares during the period. Equity Investment Corp grew its stake in Honda Motor by 2.6% in the first quarter. Equity Investment Corp now owns 2,028,328 shares of the company’s stock valued at $75,515,000 after acquiring an additional 50,677 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Honda Motor by 9.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,692,108 shares of the company’s stock valued at $52,303,000 after purchasing an additional 141,552 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in shares of Honda Motor by 47.1% in the fourth quarter. Brandes Investment Partners LP now owns 522,236 shares of the company’s stock valued at $16,142,000 after purchasing an additional 167,120 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

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.