Honda Motor (NYSE:HMC) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Honda Motor (NYSE:HMC – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a strong-buy rating on the stock.

HMC has been the topic of a number of other research reports. TheStreet upgraded shares of Honda Motor from a c+ rating to a b- rating in a report on Tuesday, January 31st. JPMorgan Chase & Co. upgraded shares of Honda Motor from a neutral rating to an overweight rating in a report on Tuesday, February 28th.

Honda Motor Price Performance

Shares of NYSE HMC opened at $24.93 on Thursday. The company has a 50 day simple moving average of $25.06 and a two-hundred day simple moving average of $24.07. Honda Motor has a fifty-two week low of $21.43 and a fifty-two week high of $29.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.13 and a current ratio of 1.47. The company has a market capitalization of $42.65 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.29 and a beta of 0.75.

Institutional Investors Weigh In On Honda Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Credit Suisse AG boosted its holdings in Honda Motor by 3,638.7% in the third quarter. Credit Suisse AG now owns 1,159 shares of the company’s stock worth $25,000 after purchasing an additional 1,128 shares during the last quarter. AXA S.A. purchased a new stake in Honda Motor in the third quarter worth approximately $30,000. Ronald Blue Trust Inc. boosted its holdings in Honda Motor by 142.3% in the third quarter. Ronald Blue Trust Inc. now owns 1,362 shares of the company’s stock worth $33,000 after purchasing an additional 800 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Honda Motor in the first quarter worth approximately $39,000. Finally, Clear Street Markets LLC purchased a new stake in Honda Motor in the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 5.48% of the company’s stock.

Honda Motor Company Profile

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Honda Motor Co, Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories.