Honda Motor (NYSE:HMC) Stock Rating Upgraded by StockNews.com

Honda Motor (NYSE:HMC) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.

Honda Motor Price Performance

HMC stock opened at $32.60 on Thursday. Honda Motor has a 52 week low of $29.05 and a 52 week high of $37.90. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $32.75 and a 200 day moving average of $33.84.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Friday, May 10th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.55. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. The firm had revenue of $36.56 billion for the quarter, compared to analyst estimates of $37.96 billion. Equities analysts predict that Honda Motor will post 4.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Manning & Napier Advisors LLC purchased a new position in Honda Motor during the 2nd quarter worth approximately $5,396,000. Foresight Capital Management Advisors Inc. raised its holdings in shares of Honda Motor by 2.4% during the second quarter. Foresight Capital Management Advisors Inc. now owns 86,037 shares of the company’s stock worth $2,774,000 after purchasing an additional 1,983 shares during the last quarter. Richard P Slaughter Associates Inc lifted its position in Honda Motor by 6.3% during the second quarter. Richard P Slaughter Associates Inc now owns 49,072 shares of the company’s stock valued at $1,582,000 after purchasing an additional 2,899 shares during the period. Five Oceans Advisors purchased a new stake in Honda Motor in the second quarter valued at $239,000. Finally, Park Avenue Securities LLC grew its position in Honda Motor by 2.6% during the 2nd quarter. Park Avenue Securities LLC now owns 23,450 shares of the company’s stock worth $756,000 after purchasing an additional 586 shares during the period. 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.