ValuEngine Downgrades Honda Motor (HMC) to Strong Sell

ValuEngine lowered shares of Honda Motor (NYSE:HMC) from a sell rating to a strong sell rating in a research note published on Friday, November 2nd.

Several other research firms have also recently weighed in on HMC. Nomura cut Honda Motor from a buy rating to a neutral rating in a research report on Monday, July 16th. Zacks Investment Research raised Honda Motor from a hold rating to a strong-buy rating and set a $33.00 price target for the company in a research report on Wednesday, October 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $36.50.

Shares of HMC stock traded up $0.04 on Friday, hitting $28.50. 691,155 shares of the stock were exchanged, compared to its average volume of 1,059,682. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.22 and a quick ratio of 0.96. The stock has a market capitalization of $52.33 billion, a P/E ratio of 7.87, a P/E/G ratio of 2.75 and a beta of 0.97. Honda Motor has a fifty-two week low of $26.04 and a fifty-two week high of $37.29.

A number of hedge funds and other institutional investors have recently modified their holdings of HMC. Bank of Montreal Can acquired a new position in Honda Motor during the second quarter valued at approximately $1,619,000. Lourd Capital LLC acquired a new stake in shares of Honda Motor in the second quarter valued at approximately $351,000. Acadian Asset Management LLC acquired a new stake in shares of Honda Motor in the second quarter valued at approximately $1,951,000. Financial Consulate Inc. lifted its position in shares of Honda Motor by 4.5% in the second quarter. Financial Consulate Inc. now owns 110,927 shares of the company’s stock valued at $3,247,000 after buying an additional 4,767 shares during the last quarter. Finally, Eqis Capital Management Inc. lifted its position in shares of Honda Motor by 14.9% in the second quarter. Eqis Capital Management Inc. now owns 23,111 shares of the company’s stock valued at $676,000 after buying an additional 2,998 shares during the last quarter. 2.09% 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 products, and other products worldwide. The company operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses. The Motorcycle Business segment produces sports models, including trial and moto-cross racing vehicles; business and commuter models; all-terrain vehicles; and side-by-side models.

Further Reading: Understanding each part of a balance sheet

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Honda Motor (NYSE:HMC)

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