Honda Motor (NYSE:HMC) Stock Rating Upgraded by Wall Street Zen

Honda Motor (NYSE:HMC) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

HMC has been the topic of several other research reports. Zacks Research raised Honda Motor from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. BNP Paribas Exane started coverage on shares of Honda Motor in a research note on Friday. They set a “neutral” rating and a $34.00 price target for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Honda Motor in a research note on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

Honda Motor Price Performance

Shares of HMC opened at $32.23 on Friday. The business’s fifty day moving average is $30.95 and its 200 day moving average is $27.61. Honda Motor has a 12-month low of $23.25 and a 12-month high of $34.16. The company has a quick ratio of 1.04, a current ratio of 1.29 and a debt-to-equity ratio of 0.69. The stock has a market cap of $50.30 billion, a P/E ratio of -46.04 and a beta of 0.44.

Honda Motor (NYSE:HMC) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $2.14 EPS for the quarter. Honda Motor had a negative net margin of 0.73% and a negative return on equity of 1.30%. The business had revenue of $37.27 billion during the quarter. Sell-side analysts anticipate that Honda Motor will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

A number of institutional investors and hedge funds have recently bought and sold shares of HMC. Auto Owners Insurance Co raised its position in Honda Motor by 5,004.4% in the 4th quarter. Auto Owners Insurance Co now owns 8,583,102 shares of the company’s stock worth $25,303,000 after purchasing an additional 8,414,952 shares during the period. Donald Smith & CO. Inc. purchased a new stake in Honda Motor during the second quarter valued at about $109,593,000. BlackRock Inc. grew its stake in shares of Honda Motor by 35.2% during the second quarter. BlackRock Inc. now owns 2,655,980 shares of the company’s stock valued at $72,004,000 after buying an additional 691,165 shares during the last quarter. XY Capital Ltd bought a new position in shares of Honda Motor during the second quarter valued at about $7,032,000. Finally, First Trust Advisors LP grew its stake in shares of Honda Motor by 16.5% during the first quarter. First Trust Advisors LP now owns 1,395,747 shares of the company’s stock valued at $33,931,000 after buying an additional 197,431 shares during the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

Honda Motor Company Profile

Honda Motor Co, Ltd. is a Japanese mobility and manufacturing company founded in 1948 by Soichiro Honda and Takeo Fujisawa. The company is best known for developing and manufacturing automobiles and motorcycles, and it has built a global presence through research, production and sales operations in Japan and international markets.

Honda’s automotive business includes passenger cars, light trucks, hybrid-electric vehicles and battery-electric vehicles under the Honda and Acura brands. The company also produces motorcycles and related power products, including engines, generators, pumps, lawn and garden equipment, and other products used by consumers and businesses.