UBS AG upgraded shares of Honda Motor Company, Ltd. (NYSE:HMC) from an underweight rating to a neutral rating in a report published on Friday, The Fly reports.
HMC has been the topic of a number of other reports. Morgan Stanley downgraded shares of Honda Motor from an overweight rating to an equal weight rating in a research report on Tuesday, September 5th. Jefferies Group LLC reiterated a buy rating and issued a $36.36 price target on shares of Honda Motor in a research report on Friday, October 13th. Zacks Investment Research upgraded shares of Honda Motor from a sell rating to a hold rating in a research report on Thursday, November 2nd. ValuEngine downgraded shares of Honda Motor from a buy rating to a hold rating in a research report on Friday, September 1st. Finally, BidaskClub downgraded shares of Honda Motor from a sell rating to a strong sell rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $34.18.
Shares of Honda Motor (HMC) opened at $32.62 on Friday. The firm has a market cap of $59,088.78, a P/E ratio of 10.29, a P/E/G ratio of 2.69 and a beta of 1.05. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 0.96. Honda Motor has a 52-week low of $27.05 and a 52-week high of $33.75.
WARNING: This article was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://ledgergazette.com/2017/11/20/honda-motor-company-ltd-hmc-raised-to-neutral-at-ubs-ag.html.
A number of hedge funds have recently made changes to their positions in HMC. FMR LLC raised its holdings in Honda Motor by 19.2% during the 1st quarter. FMR LLC now owns 83,695 shares of the company’s stock worth $2,533,000 after buying an additional 13,500 shares during the period. Dimensional Fund Advisors LP raised its holdings in Honda Motor by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 702,203 shares of the company’s stock worth $21,249,000 after buying an additional 28,704 shares during the period. KCG Holdings Inc. raised its holdings in Honda Motor by 13.9% during the 1st quarter. KCG Holdings Inc. now owns 10,216 shares of the company’s stock worth $309,000 after buying an additional 1,250 shares during the period. Fox Run Management L.L.C. acquired a new stake in Honda Motor during the 2nd quarter worth approximately $238,000. Finally, Bank of Montreal Can raised its holdings in Honda Motor by 8.4% during the 2nd quarter. Bank of Montreal Can now owns 50,284 shares of the company’s stock worth $1,378,000 after buying an additional 3,913 shares during the period. Hedge funds and other institutional investors own 2.53% of the company’s stock.
About Honda Motor
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.
Receive News & Ratings for Honda Motor Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honda Motor Company Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.