Honda Motor (NYSE:HMC) Shares Gap Up – Here’s What Happened

Honda Motor Co., Ltd. (NYSE:HMC) gapped up prior to trading on Monday . The stock had previously closed at $23.89, but opened at $27.33. Honda Motor shares last traded at $27.07, with a volume of 1,887,753 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HMC shares. StockNews.com downgraded shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. UBS Group upgraded Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Price Performance

The firm has a market capitalization of $45.04 billion, a price-to-earnings ratio of 6.50, a PEG ratio of 2.57 and a beta of 0.62. The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The stock’s 50-day moving average price is $27.56 and its 200 day moving average price is $30.34.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). The company 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%. Equities research analysts expect that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HMC. Fisher Asset Management LLC raised its holdings in Honda Motor by 2.3% in the 3rd quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after buying an additional 227,890 shares during the period. Equity Investment Corp raised its stake in shares of Honda Motor by 1.8% in the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock valued at $66,557,000 after acquiring an additional 36,221 shares during the period. FMR LLC boosted its position in shares of Honda Motor by 52.5% during the 3rd quarter. FMR LLC now owns 1,355,835 shares of the company’s stock worth $43,021,000 after purchasing an additional 466,842 shares during the period. American Century Companies Inc. lifted its stake in Honda Motor by 10.3% during the second quarter. American Century Companies Inc. now owns 442,458 shares of the company’s stock worth $14,265,000 after purchasing an additional 41,216 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Honda Motor by 5.5% during the 3rd quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after acquiring an additional 18,134 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

About Honda Motor

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.