Honda Motor (NYSE:HMC) Sees Strong Trading Volume – Time to Buy?

Honda Motor Co., Ltd. (NYSE:HMC) saw unusually-strong trading volume on Thursday . Approximately 637,240 shares changed 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.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HMC. StockNews.com cut shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Price Performance

The company has a fifty day moving average price of $27.32 and a two-hundred day moving average price of $30.24. The firm has a market capitalization of $48.51 billion, a PE ratio of 7.00, a P/E/G ratio of 2.57 and a beta of 0.62. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The firm had revenue of $36.24 billion during 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 forecast that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current year.

Hedge Funds Weigh In On Honda Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC acquired a new position in Honda Motor in the 2nd quarter valued at $28,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Honda Motor during the third quarter worth about $36,000. Addison Advisors LLC raised its holdings in Honda Motor by 391.2% during the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock worth $41,000 after purchasing an additional 1,021 shares in the last quarter. GAMMA Investing LLC lifted its position in Honda Motor by 31.0% in the third quarter. GAMMA Investing LLC now owns 2,382 shares of the company’s stock valued at $76,000 after purchasing an additional 564 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Honda Motor by 84.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company’s stock worth $80,000 after purchasing an additional 1,150 shares during the period. 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.