Honda Motor Company, Ltd. (HMC) Stock Rating Upgraded by UBS AG

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 several other research reports. Morgan Stanley lowered shares of Honda Motor from an overweight rating to an equal weight rating in a report on Tuesday, September 5th. Jefferies Group LLC restated a buy rating and issued a $36.36 target price on shares of Honda Motor in a report on Friday, October 13th. Zacks Investment Research upgraded shares of Honda Motor from a sell rating to a hold rating in a report on Thursday, November 2nd. ValuEngine lowered shares of Honda Motor from a buy rating to a hold rating in a report on Friday, September 1st. Finally, BidaskClub lowered shares of Honda Motor from a sell rating to a strong sell rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $34.18.

Honda Motor (HMC) opened at $32.92 on Friday. The company has a market cap of $59,320.00, a price-to-earnings ratio of 10.29, a PEG ratio of 2.69 and a beta of 1.04. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.23. Honda Motor has a fifty-two week low of $27.05 and a fifty-two week high of $33.75.

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A number of hedge funds have recently added to or reduced their stakes in HMC. ICICI Prudential Asset Management Co Ltd raised its holdings in shares of Honda Motor by 106.7% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 37,963 shares of the company’s stock valued at $1,122,000 after purchasing an additional 19,593 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of Honda Motor by 6.1% during the third quarter. Neuberger Berman Group LLC now owns 31,600 shares of the company’s stock valued at $934,000 after purchasing an additional 1,823 shares during the period. Bluestein R H & Co. raised its holdings in shares of Honda Motor by 100.0% during the third quarter. Bluestein R H & Co. now owns 20,000 shares of the company’s stock valued at $591,000 after purchasing an additional 10,000 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Honda Motor by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 704,373 shares of the company’s stock valued at $20,821,000 after purchasing an additional 2,000 shares during the period. Finally, FNY Partners Fund LP acquired a new position in shares of Honda Motor during the third quarter valued at about $532,000. Institutional investors and hedge funds 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.

The Fly

Analyst Recommendations for Honda Motor (NYSE:HMC)

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