Honda Motor (NYSE:HMC) Sees Unusually-High Trading Volume – Should You Buy?

Honda Motor Co., Ltd. (NYSE:HMC) shares saw an uptick in trading volume on Thursday . 637,240 shares traded hands during mid-day trading, a decline of 36% from the previous session’s volume of 990,254 shares.The stock last traded at $28.08 and had previously closed at $27.25.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HMC shares. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 18th. StockNews.com cut 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 stock’s 50-day moving average is $27.22 and its 200 day moving average is $30.20. 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 market cap of $49.20 billion, a P/E ratio of 7.10, a PEG ratio of 2.57 and a beta of 0.62.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted 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 acquiring an additional 10,720 shares in the last quarter. DGS Capital Management LLC lifted its holdings in shares of Honda Motor by 0.7% in the third quarter. DGS Capital Management LLC now owns 95,092 shares of the company’s stock valued at $3,017,000 after purchasing an additional 668 shares in the last quarter. Logan Capital Management Inc. boosted its position 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 worth $2,929,000 after buying an additional 3,817 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Honda Motor during the third quarter worth about $36,000. Finally, World Investment Advisors LLC acquired a new stake in Honda Motor in the 3rd quarter valued at approximately $201,000. Institutional investors and hedge funds 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.