Honda Motor Co. Ltd. (HMC) stock forecast: Can it reach its 52-week high of $35.67

Currently, Honda Motor Co. Ltd. [HMC] is trading at $35.22, down -0.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HMC shares have gain 3.62% over the last week, with a monthly amount glided 16.51%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Honda Motor Co. Ltd. [NYSE: HMC] stock has seen the most recent analyst activity on September 07, 2023, when Morgan Stanley upgraded its rating to a Overweight.

This stock has fluctuated between a low of $21.43 and a high of $35.67 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $36.67 within the next 12 months. Honda Motor Co. Ltd. [NYSE: HMC] shares were valued at $35.22 at the most recent close of the market. An investor can expect a potential return of 4.12% based on the average HMC price forecast.

Analyzing the HMC fundamentals

Recent quarter sales for Honda Motor Co. Ltd. [NYSE:HMC] were 4.62 trillion which represents 20.80% growth. In this publicly-traded organization, revenue per employee is $85,809,028, while income per employee is $3,306,026. Gross Margin for this corporation currently stands at +18.82% with Operating Margin at +4.62%, Pretax Margin comes in at +4.51%, and Net Margin reading is +3.85%. To continue investigating profitability, this company’s Return on Assets is posted at 2.68, Equity is 6.02, Total Capital is 4.02, and Invested Capital is 4.12. An extended look at the Principal structure reveals enduring liabilities to the total capital of 41.64 and enduring liabilities to assets of 32.35.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.01 points at the first support level, and at 34.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.36, and for the 2nd resistance point, it is at 35.50.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Honda Motor Co. Ltd. [NYSE:HMC] is 1.40. Also, the Quick Ratio is 1.11, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 0.35, the price to book ratio is 0.52 and the P/E (TTM) ratio is 10.08.