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How Are Analysts Rating Toyota in January 2018?

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Nov. 20 2020, Updated 5:06 p.m. ET

Toyota Motor Company

In 2017, Toyota Motor Corporation’s (TM) global sales volume ranked third in the world after Renault–Nissan and Volkswagen (VLKAY). Toyota became the world’s largest automaker by volume in 2008.

TM was able to jump to that position despite being founded later than other legacy US auto giants (IYK) such as General Motors (GM) and Ford (F). Now, let’s see how analysts are rating Toyota at the beginning of 2018.

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Analysts’ ratings on Toyota

According to data collected by Thomson Reuters, about 38% of 24 analysts covering Toyota recommended a “buy.” Another 50% of these analysts recommended a “hold” while the remaining 12% of analysts gave a “sell” recommendation.

Analysts’ 12-month consensus target price for Toyota’s ADR (American Depository Receipt) was $134.80. This target price didn’t reflect any upside potential as its market price on NYSE was already higher at $139.85.

Unlike its US peers GM and Ford, Toyota’s consensus target didn’t show much upside potential. Analysts’ consensus target price for TM in January has risen significantly to $134.80 from $110.53 about three months ago.

Recent updates

In November 2017, Toyota released its earnings results for fiscal 2Q18, which ended September 30, 2017. The company’s earnings for the quarter rose 19% YoY (year-over-year). Despite a stagnation in its consolidated vehicle sales, TM’s 2Q18 revenues for the quarter also rose more than 10%.

Toyota’s management revised its fiscal 2018 guidance upward during the 2Q18 earnings event. This could be the primary reason why analysts have revised their target price for Toyota upward in the last two months.

Continue to the next part where we’ll see what analysts are recommending for Honda Motor Company (HMC).

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