8 Top Auto Stocks to Buy In 2021

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2. Honda Motor Co. (HMC)

Honda, according to Nihonyanagi, is well-positioned to outperform in a challenging environment due to its strong balance sheet and attractive valuation. Honda’s stock trades at just 10 times forward earnings and 0.42 times sales, according to Nihonyanagi, making it a good investment. He claims that the company has a dominant competitive position in the motorcycle industry, which he sees as an opportunity for long-term growth. Honda’s priorities, according to its most recent earnings call, are overhauling costs, increasing its EV sales mix, and raising its 2.45 percent dividend. HMC stock has a “buy” rating and a $36.96 price target from Bank of America.


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