There is no shortage of investors who are bullish on Honda Motor ADR (HMC) stock

At the time of writing, Honda Motor ADR [HMC] stock is trading at $31.82, up 1.18%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HMC shares have gain 0.16% over the last week, with a monthly amount glided 2.71%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Honda Motor ADR [NYSE: HMC] stock has seen the most recent analyst activity on September 07, 2023, when Morgan Stanley upgraded its rating to a Overweight. Previously, UBS downgraded its rating to Sell on July 06, 2023. On June 20, 2023, downgrade downgraded it’s rating to Neutral. JP Morgan upgraded its rating to a Overweight. JP Morgan downgraded its rating to a Neutral. Daiwa Securities downgraded its rating to Outperform for this stock on February 18, 2021. In a note dated July 28, 2020, Macquarie initiated an Outperform rating.

For the past year, the stock price of Honda Motor ADR fluctuated between $27.69 and $37.90. Currently, Wall Street analysts expect the stock to reach $31.51 within the next 12 months. Honda Motor ADR [NYSE: HMC] shares were valued at $31.82 at the most recent close of the market. An investor can expect a potential drop of -0.97% based on the average HMC price forecast.

Analyzing the HMC fundamentals

According to Honda Motor ADR [NYSE:HMC], the company’s sales were 142.18B for trailing twelve months, which represents an 3.14% jump. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.82.

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 31.65 points at the first support level, and at 31.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.91, and for the 2nd resistance point, it is at 31.99.

Ratios To Look Out For

It is important to note that Honda Motor ADR [NYSE:HMC] has a current ratio of 1.37. In addition, the Quick Ratio stands at 1.07 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 0.36, the price to book ratio is 0.61 and price to earnings (TTM) ratio is 6.78.

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