Honda Motor (NYSE:HMC) Trading 1.7% Higher – What’s Next?

Shares of Honda Motor Co., Ltd. (NYSE:HMC) shot up 1.7% on Friday . The company traded as high as $29.10 and last traded at $28.84. 543,200 shares changed hands during trading, a decline of 46% from the average session volume of 998,324 shares. The stock had previously closed at $28.37.

Wall Street Analysts Forecast Growth

HMC has been the topic of a number of research analyst reports. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th. StockNews.com downgraded Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

Honda Motor Stock Performance

The company has a 50-day moving average of $27.27 and a 200-day moving average of $30.22. The firm has a market capitalization of $48.99 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. 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 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). The business had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. On average, equities research analysts forecast that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in shares of Honda Motor by 2.3% during the third quarter. Fisher Asset Management LLC now owns 10,345,816 shares of the company’s stock valued at $328,273,000 after acquiring an additional 227,890 shares during the period. Equity Investment Corp grew its position in Honda Motor by 1.8% in the 3rd quarter. Equity Investment Corp now owns 2,097,616 shares of the company’s stock worth $66,557,000 after purchasing an additional 36,221 shares during the last quarter. FMR LLC increased its stake in shares of Honda Motor by 52.5% in the third quarter. FMR LLC now owns 1,355,835 shares of the company’s stock valued at $43,021,000 after purchasing an additional 466,842 shares during the period. American Century Companies Inc. raised its holdings in shares of Honda Motor by 10.3% during the second quarter. American Century Companies Inc. now owns 442,458 shares of the company’s stock valued at $14,265,000 after buying an additional 41,216 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Honda Motor by 5.5% during the third quarter. Raymond James & Associates now owns 348,112 shares of the company’s stock worth $11,046,000 after buying an additional 18,134 shares during the period. Institutional investors and hedge funds own 5.32% of the company’s stock.

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.