Honda Motor (NYSE:HMC) Shares Gap Up – Here’s Why

Honda Motor Co., Ltd. (NYSE:HMC) shares gapped up before the market opened on Monday . The stock had previously closed at $28.65, but opened at $30.20. Honda Motor shares last traded at $30.12, with a volume of 326,536 shares trading hands.

Analysts Set New Price Targets

Several brokerages have weighed in on HMC. StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Stock Performance

The firm’s 50-day simple moving average is $27.00 and its two-hundred day simple moving average is $30.03. The stock has a market capitalization of $51.34 billion, a PE ratio of 7.41, a PEG ratio of 2.51 and a beta of 0.59. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The company had revenue of $36.24 billion during the quarter, compared to analysts’ expectations of $35.60 billion. On average, equities research analysts expect that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Honda Motor

Several institutional investors have recently bought and sold shares of HMC. Ballentine Partners LLC increased its stake in shares of Honda Motor by 3.4% in the second quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock worth $353,000 after purchasing an additional 359 shares during the period. Apollon Wealth Management LLC grew its holdings in Honda Motor by 1.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock valued at $829,000 after buying an additional 389 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Honda Motor by 0.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock worth $2,628,000 after buying an additional 495 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Honda Motor by 31.0% during the third quarter. GAMMA Investing LLC now owns 2,382 shares of the company’s stock worth $76,000 after buying an additional 564 shares during the last quarter. Finally, Forum Financial Management LP boosted its position in shares of Honda Motor by 1.3% in the third quarter. Forum Financial Management LP now owns 44,457 shares of the company’s stock valued at $1,411,000 after acquiring an additional 587 shares during the period. 5.32% of the stock is currently owned by institutional investors.

About Honda Motor

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.