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

StockNews.com upgraded shares of Honda Motor (NYSE:HMC) from a buy rating to a strong-buy rating in a report published on Thursday.

Honda Motor Stock Up 1.3 %

NYSE:HMC opened at $32.59 on Thursday. Honda Motor has a 1-year low of $29.05 and a 1-year high of $37.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.13. The business’s fifty day moving average price is $32.75 and its 200 day moving average price is $33.87.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Friday, May 10th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.55. The firm had revenue of $36.56 billion for the quarter, compared to analyst estimates 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 expect that Honda Motor will post 4.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Mondrian Investment Partners LTD boosted its stake in shares of Honda Motor by 20.9% during the 1st quarter. Mondrian Investment Partners LTD now owns 5,176,690 shares of the company’s stock worth $191,538,000 after acquiring an additional 896,048 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Honda Motor by 2,509.9% during the 4th quarter. International Assets Investment Management LLC now owns 335,373 shares of the company’s stock worth $10,850,000 after acquiring an additional 322,523 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Honda Motor by 2.7% during the 4th quarter. Fisher Asset Management LLC now owns 9,670,076 shares of the company’s stock worth $298,902,000 after acquiring an additional 258,160 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Honda Motor during the 2nd quarter worth about $5,396,000. Finally, Brandes Investment Partners LP boosted its stake in shares of Honda Motor by 47.1% during the 4th quarter. Brandes Investment Partners LP now owns 522,236 shares of the company’s stock worth $16,142,000 after acquiring an additional 167,120 shares in the last quarter. 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.