Toyota Motor Corp. shares posted their biggest drop in three weeks after the company slashed its fiscal year production outlook by about 300,000 cars as the spread of coronavirus in Southeast Asia impacts its ability to procure chips and other essential parts.
What drove Toyota's 13% fall in February?
What: Shares of Toyota Motor Corporation ( NYSE:TM) fell over 13% in February. The Japanese auto giant's dollar-denominated shares on the New York Stock Exchange ended the month at $104.10, down 13.25% from the company's $120 opening price on Feb. 1.
What are analysts'1 year price targets for Toyota Motor's shares?
3 analysts have issued 1 year price targets for Toyota Motor's shares. Their forecasts range from $178.00 to $178.00. On average, they expect Toyota Motor's share price to reach $178.00 in the next year. This suggests that the stock has a possible downside of 9.8%.
Is Toyota's stock headed down in 2016?
Like most of its rivals, Toyota's shares have had a tough ride so far in 2016. Automakers are cyclical businesses, and it appears that some investors are concerned that the cycle may be headed downward before long.
How much is a share of Toyota Motor worth?
One share of TM stock can currently be purchased for approximately $197.24. How much money does Toyota Motor make? Toyota Motor has a market capitalization of $275.74 billion and generates $256.74 billion in revenue each year.
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Why did Toyota stock drop so much?
Toyota, which has been one of the worst hit automakers this year from supply chain disruptions and China's COVID-19 lockdowns, sold 531,105 vehicles, down 22%.
Is Toyota a good stock to buy 2021?
We rate shares of TM as a buy with a year ahead price target of $235.00 representing a 1-year forward P/E of 10x on the current consensus fiscal 2023 EPS.
Is it smart to invest in Toyota stock?
Overall, Toyota Motor Corp (ADR) stock has a Value Grade of B, Growth Grade of C and Quality Grade of B.
Is Toyota having supply chain issues?
Toyota has been forced to cut global vehicle production by 100,000 in March because of the spread of Covid and its impact on the production of semiconductors. Ongoing shortages in the supply of microchips mean total production for the month globally is now expected to be around 950,000.
Is Toyota stock expected to rise?
Toyota Motor Corp (NYSE:TM) The 18 analysts offering 12-month price forecasts for Toyota Motor Corp have a median target of 186.65, with a high estimate of 208.13 and a low estimate of 169.30. The median estimate represents a +21.13% increase from the last price of 154.09.
Is Toyota undervalued?
TM's P/CF has been as high as 7.70 and as low as 5.57, with a median of 6.60, all within the past year. These are just a handful of the figures considered in Toyota Motor Corporation's great Value grade. Still, they help show that the stock is likely being undervalued at the moment.
Is Toyota a buy now?
TM is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock holds a P/E ratio of 9.10, while its industry has an average P/E of 10.96. Over the last 12 months, TM's Forward P/E has been as high as 13.59 and as low as 8.75, with a median of 10.67.
Is Toyota a good stock to buy 2022?
Is Toyota Motor Stock a good buy in 2022, according to Wall Street analysts? The consensus among 3 Wall Street analysts covering (NYSE: TM) stock is to Strong Buy TM stock.
Is Toyota stock overvalued?
Toyota Motor Corp has a current Real Value of $143.35 per share. The regular price of the company is $156.53. At this time, the company appears to be overvalued....2022-03-30.LowNext ValueHigh151.56153.36155.15
Is Toyota stopping production of cars?
Toyota will slash April production by 150,000 units as it takes an 'intentional pause' from rampant growth. Toyota will cut its global production plan by 150,000 vehicles to 750,000 next month. Output at its Motomachi plant in Japan is pictured.
Is Toyota shutting factories?
Toyota will shut down all 14 of its factories in Japan on Tuesday after a possible cyber-attack. News site Nikkei, which first reported the shutdown, said supplier Kojima Industries Corporation suspected it had been hit by a cyber-attack, causing a halt in production.
Why is Toyota closing plants?
TOKYO, Feb 28 (Reuters) - Toyota Motor Corp (7203. T) said it will suspend domestic factory operations on Tuesday, losing around 13,000 cars of output, after a supplier of plastic parts and electronic components was hit by a suspected cyber attack.
Should I buy or sell Toyota Motor stock right now?
4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toyota Motor in the last year. There are currently 1 hol...
What is Toyota Motor's stock price forecast for 2022?
4 Wall Street research analysts have issued 12-month price targets for Toyota Motor's shares. Their forecasts range from $178.00 to $178.00. On ave...
How has Toyota Motor's stock performed in 2022?
Toyota Motor's stock was trading at $185.30 at the start of the year. Since then, TM shares have decreased by 11.2% and is now trading at $164.51....
Are investors shorting Toyota Motor?
Toyota Motor saw a decrease in short interest during the month of April. As of April 30th, there was short interest totaling 718,500 shares, a decr...
When is Toyota Motor's next earnings date?
Toyota Motor is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast for Toyota...
How were Toyota Motor's earnings last quarter?
Toyota Motor Co. (NYSE:TM) posted its quarterly earnings results on Wednesday, May, 11th. The company reported $3.34 earnings per share for the qua...
How often does Toyota Motor pay dividends? What is the dividend yield for Toyota Motor?
Toyota Motor declared a Semi-Annual dividend on Friday, November 26th. Stockholders of record on Thursday, September 30th will be paid a dividend o...
Is Toyota Motor a good dividend stock?
Toyota Motor(NYSE:TM) pays an annual dividend of $3.92 per share and currently has a dividend yield of 2.37%. The dividend payout ratio of Toyota M...
What guidance has Toyota Motor issued on next quarter's earnings?
Toyota Motor updated its FY 2023 earnings guidance on Wednesday, June, 8th. The company provided earnings per share guidance of $1.43-$1.43 for the...
NYSE: TM
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If even Toyota is now facing parts shortages, the whole industry could be in for a rough ride
Auto giant Toyota ( TM 1.60% ) said on Thursday that it will cut its global production output by 40% in September, because of parts shortages affecting its factories in Japan and elsewhere.
What Toyota said about its upcoming production cuts
Toyota announced it would suspend production for all or part of September at 14 of its factories in Japan. The affected plants include those that build several key models for export to markets including the United States, including the Prius hybrids and most Lexus brand vehicles.
Why Toyota is now forced to cut production
Here's what makes this a big deal: Until now, Toyota has been relatively unaffected by the chip shortage. The company had a large stockpile of chips going into the shortage in early 2021, thanks to a business-continuity plan it adopted after the 2011 earthquake and the Fukushima nuclear plant disaster.
What it means for auto investors
Here's the takeaway: The COVID-19-related supply chain issues that hit most automakers' top lines in the second quarter aren't going away any time soon. Not long ago, automakers were hoping to be through the worst of the chip shortage before the end of the end of the year. That's looking less likely now.
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How much does Toyota make?
Toyota Motor has a market capitalization of $248.55 billion and generates $256.74 billion in revenue each year. The company earns $21.11 billion in net income (profit) each year or $14.99 on an earnings per share basis.
What is Toyota stock worth in 2020?
Toyota Motor's stock was trading at $122.79 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, TM shares have increased by 44.8% and is now trading at $177.79. View which stocks have been most impacted by COVID-19.
It's a blip for Toyota, but it could be something much worse for an EV start-up
Toyota Motor ( TM 1.73% ) said for months that it would be able to deliver 9 million vehicles in its current fiscal year ending on March 31 -- despite the ongoing global shortage of semiconductors.
What Toyota said about the chip shortage and its production plans
"Current demand [for vehicles] is very strong, therefore we were aiming for a high February production plan," the company said in a statement.
What it means for Toyota and other automakers -- old and new
For starters, the cuts to sedan models are a strong hint that Toyota, like most of its rivals, is prioritizing production of higher-profit SUVs and trucks now.
What it means for auto investors
For investors in Toyota and other large automakers like Ford, these disruptions are best thought of as bumps in the road. Supplies of chips are expected to improve over the next few quarters, and demand for new vehicles remains strong. The longer-term investment cases for these companies remain intact for now.
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What is Toyota Research Institute?
Toyota started the Toyota Research Institute in 2015 with a $1 billion investment based in North America. The purpose of this investment was to increase the artificial intelligence (AI) integration within vehicles, in addition to creating new vehicles with a better focus on AI.
How much did Toyota invest in the Toyota Research Institute?
In 2019, Toyota announced the investment of $2.8 billion into the Tokyo-based Toyota Research Institute-Advanced Development (TRI-AD), with the intent to develop a self-driving car. An example of the innovation-driven from these two investments is the newly announced concept car, "Concept-i.".
Where is Toyota investing in 2019?
As 48% of production but only 24.8% of sales were in Japan during 2019, Toyota has decided to invest in North America -- the largest sales region (30.6%) for Toyota in 2019. Toyota announced in January 2017 that the company will invest $10 billion in the United States from 2017 to 2021 -- with an announcement in March 2019 to increase ...
What is Toyota's corporate governance report?
In its recent 2019 corporate governance report, Toyota stated that "as the automotive industry enters into a phase of revolutionary evolution at an unprecedented pace, Toyota has decided to focus efforts toward fostering innovation to open the way to the future.".
Where is Toyota plant in Alabama?
Additionally, Toyota announced in 2019 a partnership with Mazda with a joint investment of $1.6 billion to build a plant in Huntsville, Alabama. The Huntsville plant will be Toyota's 11th in North America, producing 300,000 units annually, and is expected to be fully operational by the end of 2021. In January 2020, Toyota announced ...
Where is Toyota made?
Toyota Motor Corporation ( NYSE:TM) is a global auto manufacturer based in Japan, manufacturing popular vehicles such as the Camry, Tacoma, and Rav4. Over the past five years, net revenues have increased from $226.97 billion in 2015 to $272.75 billion in 2019 -- a compound annual growth rate (CAGR) of 3.74%. Forecasting a company's growth ...
Is Toyota making batteries?
Toyota stated during the 2019 Geneva auto show that battery production is a hindrance for Toyota currently, with a current production capacity of 28,000 electric cars annually, however, Toyota announced a partnership with Panasonic in 2019 to produce batteries for electric vehicles -- paving the road to an all-electric lineup for Toyota.
