Honda Motor (NYSE:HMC) Sees Unusually-High Trading Volume – Here’s Why

Honda Motor Co., Ltd. (NYSE:HMC) saw an uptick in trading volume on Friday . 1,818,909 shares changed hands during trading, an increase of 75% from the previous session’s volume of 1,038,930 shares.The stock last traded at $31.16 and had previously closed at $30.55.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HMC. Macquarie cut shares of Honda Motor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, June 25th. Zacks Research cut shares of Honda Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, September 1st. Wall Street Zen raised shares of Honda Motor from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Honda Motor in a research report on Saturday, September 27th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce”.

Honda Motor Price Performance

The company’s 50-day simple moving average is $33.18 and its 200 day simple moving average is $30.74. The company has a market cap of $48.96 billion, a PE ratio of 10.85, a PEG ratio of 1.04 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.30.

Honda Motor (NYSE:HMC) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.46. Honda Motor had a net margin of 2.95% and a return on equity of 5.03%. The business had revenue of $36.22 billion for the quarter, compared to analyst estimates of $36.04 billion. On average, sell-side analysts predict that Honda Motor Co., Ltd. will post 3.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honda Motor

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in Honda Motor by 146.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,598 shares of the company’s stock worth $816,000 after acquiring an additional 16,987 shares in the last quarter. Park Avenue Securities LLC raised its stake in Honda Motor by 4.9% during the 1st quarter. Park Avenue Securities LLC now owns 14,459 shares of the company’s stock worth $392,000 after acquiring an additional 678 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Honda Motor by 50.7% during the 1st quarter. Farther Finance Advisors LLC now owns 2,815 shares of the company’s stock worth $75,000 after acquiring an additional 947 shares in the last quarter. Bruce G. Allen Investments LLC raised its stake in Honda Motor by 9.7% during the 1st quarter. Bruce G. Allen Investments LLC now owns 6,232 shares of the company’s stock worth $169,000 after acquiring an additional 549 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Honda Motor by 51.7% during the 1st quarter. GAMMA Investing LLC now owns 5,232 shares of the company’s stock worth $142,000 after acquiring an additional 1,784 shares in the last quarter. 5.32% of the stock is currently owned by institutional investors and hedge funds.

Honda Motor Company Profile

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.