Honda Motor (NYSE:HMC) Upgraded at UBS Group

UBS Group upgraded shares of Honda Motor (NYSE:HMC) from a sell rating to a neutral rating in a research report sent to investors on Wednesday morning, MarketBeat reports.

Separately, StockNews.com cut shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Honda Motor Stock Performance

Shares of NYSE HMC opened at $23.89 on Wednesday. The company has a market cap of $40.87 billion, a P/E ratio of 5.90, a P/E/G ratio of 2.57 and a beta of 0.62. Honda Motor has a 52-week low of $23.41 and a 52-week high of $37.90. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.12 and a current ratio of 1.43. The firm’s fifty day moving average is $27.56 and its two-hundred day moving average is $30.36.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The firm had revenue of $36.24 billion during the quarter, compared to the consensus estimate of $35.60 billion. As a group, analysts anticipate that Honda Motor will post 4.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Several institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Honda Motor by 34.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,134 shares of the company’s stock worth $423,000 after acquiring an additional 3,395 shares during the last quarter. Blue Trust Inc. lifted its stake in Honda Motor by 179.6% in the second quarter. Blue Trust Inc. now owns 3,476 shares of the company’s stock worth $112,000 after purchasing an additional 2,233 shares during the last quarter. Raymond James & Associates boosted its position in shares of Honda Motor by 1.0% during the second quarter. Raymond James & Associates now owns 329,978 shares of the company’s stock valued at $10,639,000 after buying an additional 3,383 shares during the period. Family Firm Inc. bought a new position in shares of Honda Motor during the second quarter valued at approximately $35,000. Finally, LRI Investments LLC raised its holdings in shares of Honda Motor by 1,263.6% in the second quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after buying an additional 834 shares during the period. 5.32% of the stock is owned by institutional investors.

Honda Motor Company Profile

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.