Honda Motor (NYSE:HMC) Upgraded to “Strong-Buy” at StockNews.com

Honda Motor (NYSE:HMCGet Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Honda Motor Stock Performance

HMC opened at $31.37 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $33.41 and its 200-day moving average price is $33.69. Honda Motor has a one year low of $29.05 and a one year high of $37.90.

Honda Motor (NYSE:HMCGet Free Report) last issued its earnings results 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. The business had revenue of $36.56 billion during the quarter, compared to analyst estimates of $37.96 billion. Honda Motor had a return on equity of 8.79% and a net margin of 5.46%. On average, sell-side analysts forecast that Honda Motor will post 4.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HMC. EverSource Wealth Advisors LLC boosted its position in Honda Motor by 8.3% in the first quarter. EverSource Wealth Advisors LLC now owns 6,066 shares of the company’s stock valued at $206,000 after buying an additional 463 shares during the last quarter. Boston Partners raised its stake in shares of Honda Motor by 31.8% during the 1st quarter. Boston Partners now owns 54,270 shares of the company’s stock worth $2,018,000 after buying an additional 13,085 shares during the period. Cetera Advisors LLC purchased a new position in Honda Motor during the first quarter valued at $491,000. Tidal Investments LLC purchased a new position in Honda Motor in the 1st quarter valued at about $373,000. Finally, LRI Investments LLC acquired a new stake in shares of Honda Motor in the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Honda Motor Company Profile

(Get Free Report)

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.

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