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TheStreet Wire

Honda Motor Co Ltd (HMC): Today's Featured Automotive Winner

By TheStreet Wire 06/14/12 - 05:00 PM EDT

Find out if (HMC) is in Cramer's Portfolio.

Honda Motor (HMC) pushed the Automotive industry higher today making it today's featured automotive winner. The industry as a whole closed the day up 0.8%. By the end of trading, Honda Motor rose 25 cents (0.8%) to $32 on light volume. Throughout the day, 226,377 shares of Honda Motor exchanged hands as compared to its average daily volume of 655,800 shares. The stock ranged in a price between $31.74-$32.12 after having opened the day at $31.83 as compared to the previous trading day's close of $31.75. Other companies within the Automotive industry that increased today were: Navistar International (NAV), up 7.3%, ATC Venture Group (ATC), up 6%, Marine Products Corporation (MPX), up 5.6%, and Enova Systems (ENA), up 4.9%.

Honda Motor Co., Ltd., together with its subsidiaries, engages in the development, manufacture, and distribution of motorcycles, automobiles, and power products primarily in North America, Europe, and Asia. Honda Motor has a market cap of $57.6 billion and is part of the consumer goods sector. The company has a P/E ratio of nine, below the average automotive industry P/E ratio of 22.4 and below the S&P 500 P/E ratio of 17.7. Shares are up 1.6% year to date as of the close of trading on Wednesday. Currently there is one analyst that rates Honda Motor a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Honda Motor as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full Honda Ratings Report.

On the negative front, China Zenix Auto International Ltd ADR (ZX), down 6.4%, Motorcar Parts of America (MPAA), down 3.4%, Supreme Industries (STS), down 3.1%, and Tata Motors (TTM), down 2.2%, were all losers within the automotive industry with BorgWarner (BWA) being today's automotive industry loser.

Use our automotive section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider Consumer Discretionary Sel Sec SPDR (XLY) while those bearish on the automotive industry could consider ProShares Ultra Sht Consumer Goods (SZK).

Find other investment ideas from our top rated ETFs lists.

For more information on Honda Motor Co Ltd click any of the following:

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