StockNews.com Lowers Honda Motor (NYSE:HMC) to Buy

StockNews.com downgraded shares of Honda Motor (NYSE:HMCGet Rating) from a strong-buy rating to a buy rating in a research note published on Tuesday morning.

A number of other research firms have also recently commented on HMC. Jefferies Financial Group boosted their price objective on Honda Motor from $30.83 to $31.51 and gave the company a buy rating in a research report on Thursday, July 7th. TheStreet cut Honda Motor from a b rating to a c+ rating in a research report on Monday, June 13th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Honda Motor presently has an average rating of Moderate Buy and a consensus price target of $31.51.

Honda Motor Stock Up 0.6 %

Honda Motor stock opened at $23.95 on Tuesday. The stock has a market capitalization of $40.97 billion, a PE ratio of 7.56, a price-to-earnings-growth ratio of 0.58 and a beta of 0.67. Honda Motor has a 12 month low of $23.21 and a 12 month high of $32.15. The business has a 50 day simple moving average of $25.84 and a 200-day simple moving average of $25.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.47 and a quick ratio of 1.14.

Hedge Funds Weigh In On Honda Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc acquired a new position in Honda Motor during the first quarter worth $39,000. Freestone Capital Holdings LLC acquired a new position in Honda Motor during the first quarter worth $610,000. Raymond James Financial Services Advisors Inc. boosted its stake in Honda Motor by 6.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,664 shares of the company’s stock worth $360,000 after buying an additional 769 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its stake in Honda Motor by 3,058.0% during the first quarter. Total Clarity Wealth Management Inc. now owns 12,632 shares of the company’s stock worth $357,000 after buying an additional 12,232 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in Honda Motor during the first quarter worth $500,000. Institutional investors and hedge funds own 5.36% of the company’s stock.

About Honda Motor

(Get Rating)

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Life Creation and Other Businesses.

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