Honda Motor (NYSE:HMC) Shares Gap Down – What’s Next?

Honda Motor Co., Ltd. (NYSE:HMC)’s share price gapped down before the market opened on Friday . The stock had previously closed at $28.77, but opened at $27.87. Honda Motor shares last traded at $27.46, with a volume of 307,151 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HMC. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Stock Performance

The stock has a market cap of $42.74 billion, a PE ratio of 6.38 and a beta of 0.61. The company has a fifty day moving average price of $28.51 and a 200 day moving average price of $28.80. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Thursday, February 13th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.37. Honda Motor had a return on equity of 7.81% and a net margin of 4.76%. The firm had revenue of $36.31 billion during the quarter, compared to the consensus estimate of $35.31 billion. Analysts expect that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current year.

Hedge Funds Weigh In On Honda Motor

A number of hedge funds have recently modified their holdings of HMC. Asset Planning Inc purchased a new position in Honda Motor during the 4th quarter valued at about $25,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of Honda Motor during the fourth quarter valued at approximately $26,000. R Squared Ltd bought a new position in shares of Honda Motor during the fourth quarter valued at approximately $30,000. Wilmington Savings Fund Society FSB purchased a new stake in Honda Motor in the third quarter worth $36,000. Finally, Manchester Capital Management LLC bought a new stake in Honda Motor in the fourth quarter valued at $40,000. 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.