NEW YORK ( TheStreet) -- Honda ( HMC), OfficeMax ( OMX) and Luby's ( LUB) received upgrades from TheStreet Ratings on Friday.
Shares of Honda were upgraded to buy from hold by TheStreet Ratings on Friday. "The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and attractive valuation levels," TheStreet Ratings wrote. "We feel these strengths outweigh the fact that the company has had sub par growth in net income." Honda has an estimated price-to-earnings ratio for next year of 11.62 times; the average for car companies is 15.42. For comparison, Toyota Motor's ( TM) forward P/E is 14.89. Analysts were split on Honda with one giving it a buy rating and another rating the stock a sell. TheStreet Ratings gives Honda a B- grade with a buy rating and a $44.38 price target. The stock has risen 27.1% year to date.
Shares of Luby's were upgraded to buy from hold by TheStreet Ratings on Friday. The restaurant reported Thursday second-quarter earnings of $1.1 million, or 4 cents a share, up from year-earlier earnings of $717,000, or 3 cents a share. Luby's stock hit a 52-week high on Thursday of $6.37. The stock's 52-week low of $3.81 was set on Oct. 4. Luby's has a forward P/E of 19.93; the average for restaurant and bar companies is 25.12. Both of the analysts who cover Luby's rated it buy. TheStreet Ratings gives Luby's a B- grade with a buy rating and a $6.53 price target. The stock has risen 28.16% year to date.