Toyota Motor Corporation ADR (NYSE: TM) stock fell -2.94% on Monday to $187.68 against a previous-day closing price of $193.36. With 0.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.3 million shares. The 52-week range on TM shows that it touched its highest point at $195.65 and its lowest point at $132.35 during that stretch. It currently has a 1-year price target of $205.29. With its current market cap of 253.63 billion, TM has annualized dividend of $5.29 while the current yield stands at 2.82%. 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 down-trending over the past week, with a drop of -0.03%, but this was up by 8.19% over a month. Three-month performance surged to 13.75% while six-month performance rose 32.93%. The stock gained 31.31% in the past year, while it has gained 37.41% so far this year. A look at the trailing 12-month EPS for TM yields 20.42 with Next year EPS estimates of 19.85. For the next quarter, that number is 5.24. This implies an EPS growth rate of 47.88% for this year and 0.56% for next 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 -2.71%.
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 Oct 30, 2023, short shares totaled 0.9 million, which was 0.07% higher than short shares on Sep 28, 2023. In addition to Mr. Koji Sato as the firm’s President, CEO, Operating Officer & Director, Mr. Yoichi Miyazaki serves as its Operating Officer, EVP, Chief Competitive Officer, CFO and President 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 1.06% of TM, in contrast to 0.08% held by mutual funds. As the largest shareholder in TM with 0.37% of the stake, Fisher Asset Management LLC holds 6,040,758 shares worth 6,040,758. A second-largest stockholder of TM, Parametric Portfolio Associates L, holds 1,226,043 shares, controlling over 0.08% of the firm’s shares. Goldman Sachs Asset Management LP is the third largest shareholder in TM, holding 883,967 shares or 0.05% stake. With a 0.02% stake in TM, the First Trust Value Line Dividend I is the largest stakeholder. A total of 356,562 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 189,871 shares valued at 33.26 million. Avantis International Equity ETF holds 0.01% of the stake in TM, owning 115,789 shares worth 20.28 million.
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 $247.37 and a low target of $152.50, the average target price over the next 12 months is $205.29. Based on these targets, TM could surge 31.8% to reach the target high and fall by -18.74% to reach the target low. Reaching the average price target will result in a growth of 9.38% from current levels.