Honda Motor (NYSE:HMC) Shares Gap Up – Should You Buy?

Honda Motor Co., Ltd. (NYSE:HMC) gapped up prior to trading on Monday . The stock had previously closed at $23.89, but opened at $27.33. Honda Motor shares last traded at $27.07, with a volume of 1,887,753 shares trading hands.

Wall Street Analysts Forecast Growth

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

Honda Motor Trading Up 10.2 %

The company has a market capitalization of $45.04 billion, a price-to-earnings ratio of 6.50, a price-to-earnings-growth ratio of 2.57 and a beta of 0.62. The business’s 50 day simple moving average is $27.56 and its 200 day simple moving average is $30.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.12.

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

Hedge Funds Weigh In On Honda Motor

Large investors have recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in shares of Honda Motor during the 2nd quarter worth approximately $28,000. LRI Investments LLC raised its holdings in Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock valued at $29,000 after acquiring an additional 834 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Honda Motor during the third quarter worth $36,000. Addison Advisors LLC increased its stake in Honda Motor by 391.2% in the third quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Ridgewood Investments LLC purchased a new position in Honda Motor during the second quarter worth about $67,000. 5.32% of the stock is owned by hedge funds and other 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.