Honda Motor (NYSE:HMC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Honda’s shares outperformed the industry it belongs to over the last three months. Also, per its Vision 2030 strategy plan, the company has plans to introduce new electric and self-driving vehicles in the market. It is also increasingly focused on infrastructural development in North and South America with an aim to increase productions and boost it sales. Further, to expand its business, the company is undertaking frequent collaborations with many companies. However, higher R&D expenses, foreign currency fluctuations, frequent safety recalls and weak income guidance for 2018 are a few concerns for the company.”

Several other research firms have also recently commented on HMC. ValuEngine raised Honda Motor from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. UBS Group raised Honda Motor from an “underweight” rating to a “neutral” rating in a report on Friday, November 17th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $36.36 price target on shares of Honda Motor in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Honda Motor presently has a consensus rating of “Hold” and an average target price of $36.68.

Honda Motor (NYSE:HMC) traded down $0.16 during trading on Tuesday, reaching $35.93. The company’s stock had a trading volume of 2,198,600 shares, compared to its average volume of 696,867. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.23. The firm has a market cap of $65,084.61, a PE ratio of 11.33, a price-to-earnings-growth ratio of 2.97 and a beta of 1.09. Honda Motor has a 12-month low of $27.05 and a 12-month high of $36.52.

Honda Motor (NYSE:HMC) last posted its quarterly earnings results on Wednesday, November 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.49 by $0.37. Honda Motor had a return on equity of 8.12% and a net margin of 4.38%. sell-side analysts expect that Honda Motor will post 3.17 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in Honda Motor by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 702,771 shares of the company’s stock valued at $22,439,000 after buying an additional 15,381 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Honda Motor by 40.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 226,081 shares of the company’s stock valued at $7,219,000 after buying an additional 64,840 shares during the last quarter. Equity Investment Corp Acquisition Inc bought a new position in Honda Motor in the 4th quarter valued at $82,224,000. Federated Investors Inc. PA boosted its position in Honda Motor by 2.5% in the 4th quarter. Federated Investors Inc. PA now owns 105,897 shares of the company’s stock valued at $3,382,000 after buying an additional 2,623 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in Honda Motor by 1.2% in the 4th quarter. American Century Companies Inc. now owns 1,914,289 shares of the company’s stock valued at $61,123,000 after buying an additional 22,970 shares during the last quarter. 2.37% of the stock is owned by institutional investors and hedge funds.

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Honda Motor Company Profile

Honda Motor Co, Ltd. (Honda) develops, manufactures and markets motorcycles, automobiles and power products across the world. The Company’s segments include Motorcycle Business, Automobile business, Financial services business, and Power product and other businesses. The Company produces a range of motorcycles, with engine displacement ranging from the 50 cubic centimeters class to the 1,800 cubic centimeters class.

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