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TheStreet Wire

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

By TheStreet Wire 06/22/12 - 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 0.6%. By the end of trading, Honda Motor rose 52 cents (1.6%) to $33.34 on light volume. Throughout the day, 465,311 shares of Honda Motor exchanged hands as compared to its average daily volume of 633,200 shares. The stock ranged in a price between $33.22-$33.48 after having opened the day at $33.46 as compared to the previous trading day's close of $32.82. Other companies within the Automotive industry that increased today were: Federal-Mogul (FDML), up 6.5%, Williams Controls (WMCO), up 5%, Tesla Motors (TSLA), up 5%, and Motorcar Parts of America (MPAA), up 4.8%.

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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 $58.9 billion and is part of the consumer goods sector. The company has a P/E ratio of 9.2, below the average automotive industry P/E ratio of 22.9 and below the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Thursday. 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, Enova Systems (ENA), down 17.6%, Stoneridge (SRI), down 5%, Allison Transmission Holdings (ALSN), down 4.2%, and Swift Transportation (SWFT), down 2.6%, were all losers within the automotive industry with Johnson Controls (JCI) 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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