Sanford C. Bernstein Begins Coverage on Honda Motor (NYSE:HMC)

Sanford C. Bernstein started coverage on shares of Honda Motor (NYSE:HMC) in a research note released on Monday morning, Marketbeat Ratings reports. The brokerage issued a market perform rating on the stock.

Other analysts have also issued reports about the company. StockNews.com upgraded Honda Motor from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. UBS Group raised shares of Honda Motor from a “sell” rating to a “neutral” rating in a report on Wednesday, December 18th.

Honda Motor Stock Performance

NYSE HMC opened at $28.17 on Monday. The company has a market capitalization of $43.97 billion, a price-to-earnings ratio of 6.55 and a beta of 0.57. The company has a quick ratio of 1.10, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. Honda Motor has a twelve month low of $23.41 and a twelve month high of $36.52. The stock has a fifty day simple moving average of $28.05 and a 200 day simple moving average of $28.25.

Honda Motor (NYSE:HMC) last issued its quarterly earnings results on Thursday, February 13th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.37. The firm had revenue of $36.31 billion for the quarter, compared to the consensus estimate of $35.31 billion. Honda Motor had a net margin of 4.76% and a return on equity of 7.81%. Sell-side analysts expect that Honda Motor will post 3.99 EPS for the current year.

Institutional Investors Weigh In On Honda Motor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bruce G. Allen Investments LLC increased its position in shares of Honda Motor by 9.7% in the first quarter. Bruce G. Allen Investments LLC now owns 6,232 shares of the company’s stock valued at $169,000 after acquiring an additional 549 shares during the period. Farther Finance Advisors LLC increased its holdings in Honda Motor by 50.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company’s stock valued at $75,000 after purchasing an additional 947 shares during the period. Park Avenue Securities LLC raised its position in Honda Motor by 4.9% during the 1st quarter. Park Avenue Securities LLC now owns 14,459 shares of the company’s stock valued at $392,000 after purchasing an additional 678 shares during the last quarter. Gilman Hill Asset Management LLC lifted its holdings in Honda Motor by 5.9% in the 1st quarter. Gilman Hill Asset Management LLC now owns 176,950 shares of the company’s stock worth $4,801,000 after buying an additional 9,810 shares during the period. Finally, NBC Securities Inc. grew its position in shares of Honda Motor by 132,153.8% in the 1st quarter. NBC Securities Inc. now owns 17,193 shares of the company’s stock worth $466,000 after buying an additional 17,180 shares during the last quarter. Institutional investors own 5.32% of the company’s stock.

About Honda Motor

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.