Honda Motor (NYSE:HMC) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein began coverage on shares of Honda Motor (NYSE:HMC) in a research note published on Monday morning, Marketbeat Ratings reports. The firm issued a market perform rating on the stock.

Other analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Honda Motor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. UBS Group raised Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 18th.

Honda Motor Trading Down 0.4 %

Shares of HMC opened at $28.45 on Monday. The stock’s fifty day simple moving average is $28.06 and its 200-day simple moving average is $28.25. The firm has a market capitalization of $44.41 billion, a PE ratio of 6.62 and a beta of 0.57. Honda Motor has a 12-month low of $23.41 and a 12-month high of $35.03. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51.

Honda Motor (NYSE:HMC) last issued its earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.37. The company had revenue of $36.31 billion for the quarter, compared to analyst estimates of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. As a group, research analysts predict that Honda Motor will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Honda Motor

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in Honda Motor by 84.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,510 shares of the company’s stock worth $80,000 after buying an additional 1,150 shares during the period. Stifel Financial Corp raised its position in shares of Honda Motor by 12.8% during the third quarter. Stifel Financial Corp now owns 95,005 shares of the company’s stock worth $3,015,000 after purchasing an additional 10,778 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Honda Motor by 10.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,683 shares of the company’s stock valued at $466,000 after purchasing an additional 1,388 shares during the period. M&T Bank Corp increased its stake in Honda Motor by 8.2% during the 3rd quarter. M&T Bank Corp now owns 7,879 shares of the company’s stock worth $250,000 after purchasing an additional 595 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Honda Motor during the 3rd quarter worth approximately $201,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

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.