Honda Motor (NYSE:HMC) Sets New 1-Year Low – Should You Sell?

Honda Motor Co., Ltd. (NYSE:HMC)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $24.49 and last traded at $24.49, with a volume of 44095 shares. The stock had previously closed at $25.26.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. UBS Group upgraded shares of Honda Motor from a “sell” rating to a “neutral” rating in a research note on Wednesday.

Honda Motor Price Performance

The company has a quick ratio of 1.12, a current ratio of 1.43 and a debt-to-equity ratio of 0.49. The business has a fifty day moving average of $27.72 and a 200 day moving average of $30.43. The firm has a market cap of $40.54 billion, a P/E ratio of 5.85, a PEG ratio of 2.57 and a beta of 0.62.

Honda Motor (NYSE:HMC) last issued its earnings results on Wednesday, November 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.43). Honda Motor had a return on equity of 7.53% and a net margin of 4.53%. The business had revenue of $36.24 billion for the quarter, compared to the consensus estimate of $35.60 billion. On average, sell-side analysts anticipate that Honda Motor Co., Ltd. will post 4.09 earnings per share for the current year.

Hedge Funds Weigh In On Honda Motor

Several large investors have recently modified their holdings of HMC. Ballentine Partners LLC grew its stake in Honda Motor by 3.4% in the 2nd quarter. Ballentine Partners LLC now owns 10,957 shares of the company’s stock valued at $353,000 after buying an additional 359 shares during the last quarter. Apollon Wealth Management LLC grew its position in shares of Honda Motor by 1.5% in the third quarter. Apollon Wealth Management LLC now owns 26,138 shares of the company’s stock valued at $829,000 after purchasing an additional 389 shares during the last quarter. Harrington Investments INC increased its stake in shares of Honda Motor by 1.0% during the second quarter. Harrington Investments INC now owns 39,824 shares of the company’s stock worth $1,284,000 after purchasing an additional 410 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Honda Motor by 0.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 82,821 shares of the company’s stock worth $2,628,000 after purchasing an additional 495 shares during the last quarter. Finally, Atomi Financial Group Inc. boosted its stake in Honda Motor by 3.2% in the 2nd quarter. Atomi Financial Group Inc. now owns 16,472 shares of the company’s stock valued at $531,000 after purchasing an additional 509 shares during the period. 5.32% of the stock is owned by institutional investors.

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.