Toyota Motor Corporation (NYSE: TM) stock fell -0.13% on Monday to $188.96 against a previous-day closing price of $189.20. With 0.21 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.28 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $189.05 whereas the lowest price it dropped to was $187.75. The 52-week range on TM shows that it touched its highest point at $190.86 and its lowest point at $130.07 during that stretch. It currently has a 1-year price target of $188.61. With its current market cap of 303.67 billion, TM has annualized dividend of $4.26 while the current yield stands at 2.25%. Beta for the stock currently stands at 0.68.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TM was up-trending over the past week, with a rise of 5.76%, but this was up by 16.44% over a month. Three-month performance surged to 14.97% while six-month performance rose 41.56%. The stock gained 34.54% in the past year, while it has gained 38.35% so far this year. EPS is expected to grow by 16.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.50%.
Float and Shares Shorts:
At present, 1.36 billion TM shares are outstanding with a float of 1.35 billion shares on hand for trading. On Aug 30, 2023, short shares totaled 0.61 million, which was 0.05% higher than short shares on Jul 30, 2023. In addition to Mr. Koji Sato as the firm’s Pres, CEO, Operating Officer & Director, Mr. Yoichi Miyazaki serves as its Operating Officer, EVP, Chief Competitive Officer, CFO and Pres of Bus. Planning & Operation.
Through their ownership of 1.29% of TM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.01% of TM, in contrast to 0.08% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TM with 0.36% of the stake, Fisher Asset Management LLC holds 5,878,893 shares worth 5,878,893. A second-largest stockholder of TM, Parametric Portfolio Associates L, holds 1,170,897 shares, controlling over 0.07% of the firm’s shares. Goldman Sachs Asset Management LP is the third largest shareholder in TM, holding 812,988 shares or 0.05% stake. With a 0.03% stake in TM, the First Trust Value Line Dividend I is the largest stakeholder. A total of 413,921 shares are owned by the mutual fund manager. The DFA International Core Equity Por, which owns about 0.01% of TM stock, is the second-largest Mutual Fund holder. It holds 193,737 shares valued at 33.35 million. Avantis International Equity ETF holds 0.01% of the stake in TM, owning 106,421 shares worth 18.32 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, TM reported revenue of $8.49T and operating income of $578.65B. The EBITDA in the recently reported quarter was $898.76B and diluted EPS was $536.50.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TM analysts setting a high price target of $233.82 and a low target of $149.44, the average target price over the next 12 months is $196.81. Based on these targets, TM could surge 23.74% to reach the target high and fall by -20.91% to reach the target low. Reaching the average price target will result in a growth of 4.15% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.