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Is Honda Motor (HMC) Among the Cheapest Stocks with Biggest Upside Potential?


//stocks-investing.news-articles.net/content/202 .. eapest-stocks-with-biggest-upside-potential.html
Published in Stocks and Investing on Thursday, January 16th 2025 at 23:41 GMT by MSN   Print publication without navigation

  • We recently compiled a list of the 12 Cheapest Stocks with Biggest Upside Potential. In this article, we are going to take a look at where Honda Motor Co., Ltd. (NYSE:HMC) stands against other cheapest stocks with biggest upside potential.

The article from MSN Money discusses whether Honda Motor Co., Ltd. (HMC) could be considered one of the cheapest stocks with significant upside potential. It highlights that despite a year-to-date increase of 30.5%, Honda's stock is still seen as undervalued by some analysts. The piece points out that Honda has a forward P/E ratio of 7.9x, which is lower than the industry average, suggesting that the stock might be underpriced relative to its earnings potential. Additionally, the article mentions positive developments like Honda's focus on electric vehicles (EVs) and partnerships aimed at enhancing its EV technology, which could drive future growth. Analyst ratings are generally positive, with a consensus suggesting a potential upside of about 15% from current levels, indicating that despite its recent gains, Honda might still offer value for investors looking for growth at a reasonable price.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/top-stocks/is-honda-motor-hmc-among-the-cheapest-stocks-with-biggest-upside-potential/ar-AA1xkwRF ]

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