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

Honda Motor (NYSE:HMC) was upgraded by stock analysts at UBS Group from a “sell” rating to a “neutral” rating in a report released on Wednesday, Marketbeat.com reports.

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

Honda Motor Price Performance

Honda Motor stock opened at $23.70 on Wednesday. Honda Motor has a 1 year low of $23.49 and a 1 year high of $37.90. 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 50 day moving average price of $27.72 and a 200 day moving average price of $30.43. The company has a market cap of $40.54 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data 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 company had revenue of $36.24 billion for 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%. Sell-side analysts predict that Honda Motor will post 4.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HMC. FMR LLC lifted its holdings in shares of Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after acquiring an additional 466,842 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in Honda Motor in the second quarter valued at about $8,635,000. Fisher Asset Management LLC lifted its stake in shares of Honda Motor by 2.3% during the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock worth $328,273,000 after purchasing an additional 227,890 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Honda Motor by 1,906.3% in the third quarter. International Assets Investment Management LLC now owns 193,712 shares of the company’s stock worth $6,105,000 after buying an additional 184,057 shares during the period. Finally, HITE Hedge Asset Management LLC grew its stake in shares of Honda Motor by 1,392.9% in the third quarter. HITE Hedge Asset Management LLC now owns 138,539 shares of the company’s stock valued at $4,396,000 after buying an additional 129,259 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

About Honda Motor

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.