Honda Motor (NYSE:HMC) Sets New 12-Month Low – Here’s Why

Shares of Honda Motor Co., Ltd. (NYSE:HMC) reached a new 52-week low on Thursday . The stock traded as low as $25.54 and last traded at $25.56, with a volume of 1392688 shares. The stock had previously closed at $26.05.

Wall Street Analysts Forecast Growth

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

Honda Motor Stock Down 1.9 %

The company’s 50 day moving average price is $28.57 and its two-hundred day moving average price is $30.76. The company has a current ratio of 1.43, a quick ratio of 1.12 and a debt-to-equity ratio of 0.49. The stock has a market cap of $43.72 billion, a P/E ratio of 6.31, a PEG ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC) last released its earnings results on Wednesday, November 6th. The company reported $0.43 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 firm had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. Equities analysts forecast that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current year.

Institutional Investors Weigh In On Honda Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ballentine Partners LLC grew its holdings in 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 last quarter. Apollon Wealth Management LLC raised its stake in Honda Motor by 1.5% in the third 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. Harrington Investments INC boosted its holdings in Honda Motor by 1.0% in the second quarter. Harrington Investments INC now owns 39,824 shares of the company’s stock worth $1,284,000 after acquiring an additional 410 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Honda Motor by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock worth $2,628,000 after acquiring an additional 495 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in shares of Honda Motor by 3.2% during the second quarter. Atomi Financial Group Inc. now owns 16,472 shares of the company’s stock valued at $531,000 after acquiring an additional 509 shares in the last quarter. Institutional investors own 5.32% of the company’s stock.

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.