Honda Motor Co., Ltd. (NYSE:HMC – Get Rating) received a large rise in short-term interest rates in October. On October 15, there was a short interest totaling 1,310,000 shares, an increase of 19.1% compared to the total of 1,100,000 shares on September 30. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is currently 1.1 days. About 0.1% of the shares of the stock are sold short.
Wall Street Analysts Predict Growth
A number of brokers have recently weighed in on HMC. StockNews.com upgraded Honda Motor from a “buy” rating to a “strong buy” rating on Thursday, October 20, in a research report. TheStreet downgraded Honda Motor from a “b-” rating to a “c+” rating in a research report on Friday, Oct. 7. Finally, Jefferies Financial Group raised its price target for Honda Motor from $30.83 to $31.51 and gave the stock a “buy” rating in a research report on Thursday, July 7.
Honda Motorcycle trade up 1.1%
HMC was trading up $0.24 during midday trading on Friday, reaching $22.83. 1,044,775 shares of the company were exchanged, versus the average volume of 1,449,721. The company has a market cap of $39.05 billion, a P/E ratio of 7.20, a P/E ratio of 0.58 and a beta of 0.74. Honda Motor has a one-year low of $21.43 and a one-year high of $32.15. The company’s 50-day moving average price is $23.97 and its 200-day moving average price is $24.89. The company has a quick ratio of 1.14, a current ratio of 1.47 and a debt-to-equity ratio of 0.44.
Honda Motor (NYSE:HMC – Get Rating) last released its earnings results on Wednesday, August 10. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.12). The company had revenue of $29.56 billion for the quarter, compared to analyst estimates of $27.91 billion. Honda Motor had a return on equity of 5.96% and a net margin of 4.26%. As a group, equity analysts predict Honda Motor will achieve 3.26 earnings per share for the current fiscal year.
Institutional inflow and outflow
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp increased its stake in Honda Motor shares by 5.3% in the 1st quarter. Fifth Third Bancorp now owns 25,769 shares of the company worth $728,000 after purchasing an additional 1,307 shares during the period. Bank of New Hampshire acquired a new position in Honda Motor stock worth approximately $51,000 in the first quarter. Pinnacle Wealth Planning Services Inc. acquired a new position in Honda Motor worth approximately $237,000 in the first quarter. CWM LLC increased its stake in Honda Motor by 120.1% in the first quarter. CWM LLC now owns 1,347 shares of the company worth $38,000 after purchasing an additional 735 shares during the period. Finally, Redhawk acquired Wealth Advisors Inc. a new position in Honda Motor worth approximately $500,000 in the first quarter. 5.36% of the shares are held by institutional investors and hedge funds.
Honda Motor Company Profile (Received Review)
Honda Motor Co., Ltd. develops, manufactures and distributes motorcycles, automobiles, electrical products and other products in Japan, North America, Europe, Asia and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business and Life Creation and Other Businesses.
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