On Thursday, equity research analysts from StockNews.com assumed coverage of Honda Motor Company in a report distributed to clients and investors (NYSE: HMC).
The recommendation given by the organization was a “strong buy” for the share price.
The starting price for Honda Motor Company shares was $24.89 on Thursday morning, which was also the beginning of the trading day.
According to the stock’s simple moving average over the past 50 days, the stock’s current price is $25.00; however, the stock’s simple moving average over the last 200 days puts the current price at $24.10.
A price-to-earnings ratio of 7.98, a price-to-earnings-to-growth ratio of 1.32, and a beta value of 0.75 are all characteristics of the stock in question.
The company’s total value, as measured by its market capitalization, is $42.58 billion.
The price of a Honda Motor vehicle has been as low as $21.43 over the previous year, while it has reached an all-time high of $29.19.
The ratio of current assets to total assets is 1.47; the ratio of current assets to equity is 0.38; and the ratio of quick assets to current assets is 1.13.
During the most recent few months, many brokerage firms have each issued their own reports on HMC. JPMorgan Chase & Co moved Honda Motor from a “neutral” to an “overweight” rating in a research report made public on Tuesday, the 28th of February.
The rating that The Street has given to Honda Motor has been lowered from “c+” to “b-,” according to a report released on the 31st of January.
There has been a shift in the percentage of hedge funds and other institutional investors’ holdings in the company’s stock over the most recent few months. Glenmede Trust Co NA increased the amount of Honda Motor stock owned by 4.6% during the third quarter of this fiscal year. Glenmede Trust Co, NA, now has 9,872 shares in the company, valued at a total of $212,000 following the purchase of an additional 434 shares throughout the quarter.
During the second quarter, Captrust Financial Advisors accomplished an increase of 15.3% in the proportion of Honda Motor stock it owns.
As a result of increasing the total number of shares they own in the company to 3,564, the value of the holdings that Captrust Financial Advisors has invested in has now increased to $86,000. Forum Financial Management LP added 1.2% more Honda Motor Company stock to its holdings over the final three months of 2018. Following the acquisition of an additional 500 shares during the period under review, Forum Financial Management LP now holds 41,461 shares of the company’s stock, which have a combined value of $948,000 as of the end of the period in question.
During the third quarter, the Bank of New Hampshire increased the proportion of Honda Motor stock it owns in the corporation by 18.5%.
Bank of New Hampshire now has 3,260 shares of the company’s stock, which are currently valued at $70,000 after purchasing an additional 510 shares during the period in question.
During the first three months of this year, Cetera Investment Advisers increased the amount of Honda Motor stock owned by 7.5%.
This was done so that they could compete with other investment firms.
After making an additional purchase of 557 shares during the most recent fiscal quarter, Cetera Investment Advisers now owns a total of 7,979 shares in the company, which have a value of $225,000.
This brings the total number of shares the firm is entitled to 7,979. 5.48 institutional investors own a percent of the total number of shares in the company’s existence.
The Honda Motor Company, Ltd is a manufacturer and distributor of various products, including but not limited to automobiles, motorcycles, and other forms of power equipment.
In addition to other types of businesses, automobiles, motorcycles, financial services, and power goods make up its four distinct business divisions.
The Automotive business segment is in charge of the manufacturing and distribution of automobiles and the many different components sold together with the vehicles.