In a report released today, Takaki Nakanishi from Jefferies maintained a Hold rating on Toyota Motor (TM – Research Report), with a price target of $179.41. The company’s shares closed last Thursday at $156.58, close to its 52-week low of $152.14.
Nakanishi has an average return of 13.1% when recommending Toyota Motor.
According to TipRanks.com, Nakanishi is ranked #3201 out of 7907 analysts.
Currently, the analyst consensus on Toyota Motor is a Moderate Buy with an average price target of $189.71.
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Based on Toyota Motor’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8112 billion and net profit of $534 billion. In comparison, last year the company earned revenue of $7689 billion and had a net profit of $777 billion.
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Toyota Motor Corp. manufactures and sells passenger and commercial vehicles, as well as related parts and accessories. It operates through the following segments: Automotive (includes sales from vehicles and parts), Financial Services (provides financing to purchase or lease Toyota vehicles), and All Other (prefabricated housing and information technology related businesses). The company was founded by Kiichiro Toyoda on August 28, 1937 and is headquartered in Toyota, Japan.
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