Honda Motor (NYSE:HMC) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat reports.
A number of other equities analysts have also recently issued reports on HMC. Zacks Investment Research cut Honda Motor from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. ValuEngine upgraded Honda Motor from a “strong sell” rating to a “sell” rating in a report on Wednesday, May 1st. Nomura upgraded Honda Motor from a “neutral” rating to a “buy” rating in a report on Tuesday, February 19th. Finally, TheStreet cut Honda Motor from a “b” rating to a “c+” rating in a report on Wednesday, May 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.00.
Shares of HMC stock opened at $25.64 on Tuesday. The company has a market cap of $46.16 billion, a PE ratio of 8.57, a P/E/G ratio of 0.98 and a beta of 0.98. Honda Motor has a 52 week low of $24.43 and a 52 week high of $32.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.23 and a quick ratio of 0.96.
Several institutional investors and hedge funds have recently modified their holdings of HMC. Horan Capital Advisors LLC. bought a new position in shares of Honda Motor in the 1st quarter worth $27,000. Truvestments Capital LLC bought a new position in Honda Motor during the 1st quarter valued at $31,000. Covenant Multifamily Offices LLC bought a new position in Honda Motor during the 1st quarter valued at $33,000. Capital Investment Advisory Services LLC bought a new position in Honda Motor during the 4th quarter valued at $34,000. Finally, Cornerstone Advisors Inc. lifted its stake in Honda Motor by 59.5% during the 1st quarter. Cornerstone Advisors Inc. now owns 1,262 shares of the company’s stock valued at $34,000 after acquiring an additional 471 shares in the last quarter. Institutional investors own 2.08% of the company’s stock.
Honda Motor Company Profile
Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.
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