Honda Motor (NYSE:HMC) Sees Strong Trading Volume – Still a Buy?

Shares of Honda Motor Co., Ltd. (NYSE:HMCGet Free Report) saw unusually-high trading volume on Tuesday . Approximately 2,277,818 shares traded hands during trading, an increase of 143% from the previous session’s volume of 937,333 shares.The stock last traded at $25.50 and had previously closed at $25.02.

Analyst Ratings Changes

A number of equities analysts have recently commented on HMC shares. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday. StockNews.com lowered Honda Motor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Read Our Latest Report on Honda Motor

Honda Motor Price Performance

The firm has a market cap of $40.54 billion, a price-to-earnings ratio of 5.85, a P/E/G ratio of 2.57 and a beta of 0.62. 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 business’s 50-day simple moving average is $27.88 and its two-hundred day simple moving average is $30.48.

Honda Motor (NYSE:HMCGet Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a net margin of 4.53% and a return on equity of 7.53%. The firm had revenue of $36.24 billion during the quarter, compared to analyst estimates of $35.60 billion. As a group, research analysts expect that Honda Motor Co., Ltd. will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Honda Motor in the 2nd quarter valued at about $28,000. LRI Investments LLC lifted its stake in Honda Motor by 1,263.6% in the 2nd quarter. LRI Investments LLC now owns 900 shares of the company’s stock worth $29,000 after purchasing an additional 834 shares in the last quarter. Family Firm Inc. purchased a new position in Honda Motor during the second quarter worth about $35,000. Wilmington Savings Fund Society FSB bought a new position in Honda Motor in the 3rd quarter worth about $36,000. Finally, Addison Advisors LLC raised its holdings in shares of Honda Motor by 391.2% in the 3rd quarter. Addison Advisors LLC now owns 1,282 shares of the company’s stock valued at $41,000 after acquiring an additional 1,021 shares in the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

About Honda Motor

(Get Free Report)

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.

Further Reading

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