Honda Motor (NYSE:HMC) Raised to “Strong-Buy” at Nomura Securities

Honda Motor (NYSE:HMC) was upgraded by analysts at Nomura Securities to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Zacks Research upgraded Honda Motor from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honda Motor in a research report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Honda Motor Stock Performance

Shares of HMC opened at $30.55 on Tuesday. The company has a 50-day moving average of $30.38 and a two-hundred day moving average of $31.23. The stock has a market cap of $47.68 billion, a price-to-earnings ratio of 9.98, a PEG ratio of 1.19 and a beta of 0.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.41 and a quick ratio of 1.13. Honda Motor has a one year low of $23.41 and a one year high of $34.89.

Honda Motor (NYSE:HMC) last released its quarterly earnings results on Friday, November 7th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.08). Honda Motor had a net margin of 3.04% and a return on equity of 5.18%. The firm had revenue of $34.71 billion for the quarter, compared to analyst estimates of $35.95 billion. On average, equities research analysts expect that Honda Motor will post 3.99 earnings per share for the current year.

Institutional Investors Weigh In On Honda Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. WealthCollab LLC grew its stake in shares of Honda Motor by 66.2% in the 2nd quarter. WealthCollab LLC now owns 916 shares of the company’s stock valued at $26,000 after buying an additional 365 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Honda Motor in the third quarter valued at approximately $26,000. Hazlett Burt & Watson Inc. grew its position in Honda Motor by 1,105.1% in the second quarter. Hazlett Burt & Watson Inc. now owns 952 shares of the company’s stock worth $27,000 after acquiring an additional 873 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Honda Motor during the 2nd quarter worth $29,000. Finally, NewSquare Capital LLC raised its holdings in shares of Honda Motor by 99.8% during the 2nd quarter. NewSquare Capital LLC now owns 1,065 shares of the company’s stock valued at $31,000 after purchasing an additional 532 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other institutional investors.

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.