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Should Value Investors Buy Toyota Motor (TM) Stock?
Zacks Investment Research· 2024-04-05 14:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a v ...
Here's Why Toyota Motor Corporation (TM) is a Strong Value Stock
Zacks Investment Research· 2024-04-03 14:46
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Devel ...
Toyota Motor North America Reports March, First Quarter 2024 U.S. Sales
Prnewswire· 2024-04-02 15:30
•   First quarter sales of electrified vehicles surges 74 percent on a volume basis; represents 36.6 percent of total sales volume•   27 electrified Toyota and Lexus vehicle options available at dealerships, the most among any automakerPLANO, Texas, April 2, 2024 /PRNewswire/ -- Toyota Motor North America (TMNA) today reported March 2024 U.S. sales of 214,894 vehicles, up 21.8 percent on a volume and daily selling rate (DSR) basis versus March 2023. Sales of electrified vehicles for the month totaled 78,157 ...
Foreign Auto Industry Moves Into Fast Lane: 2 Promising Stocks
Zacks Investment Research· 2024-04-01 14:26
The outlook for Zacks Automotive – Foreign industry is bright amid sustained demand for vehicles and worldwide push for green energy transitions despite economic uncertainty in various key markets. Vehicle sales in Europe are set to increase, albeit at a slower pace. China car sales (including gas-powered, electric and hybrids) are also projected to rise. India’s impressive growth momentum is expected to continue its upward trajectory. The industry's valuation provides support, as it trades at a discount co ...
Toyota Motor Corporation (TM) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-03-20 23:06
In the latest trading session, Toyota Motor Corporation (TM) closed at $246.72, marking a +0.98% move from the previous day. This move outpaced the S&P 500's daily gain of 0.89%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 1.25%.Prior to today's trading, shares of the company had gained 7.74% over the past month. This has outpaced the Auto-Tires-Trucks sector's loss of 2.46% and the S&P 500's gain of 3.56% in that time.The investment community will be closely monitoring the perfo ...
Wall Street Analysts See Toyota Motor (TM) as a Buy: Should You Invest?
Zacks Investment Research· 2024-03-20 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Toyota Motor Corporation (TM) .Toyota Motor currently has an average broke ...
Toyota Motor Corporation (TM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Zacks Investment Research· 2024-03-14 23:06
In the latest market close, Toyota Motor Corporation (TM) reached $230.97, with a -0.8% movement compared to the previous day. This move lagged the S&P 500's daily loss of 0.29%. Meanwhile, the Dow experienced a drop of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.3%.The company's stock has climbed by 2.55% in the past month, exceeding the Auto-Tires-Trucks sector's gain of 0.09% and lagging the S&P 500's gain of 4.42%.Market participants will be closely following the financial results of ...
Toyota (TM) Agrees on Its Highest Wage Hike in 3 Decades
Zacks Investment Research· 2024-03-14 15:56
Toyota Motor Corporation (TM) has agreed to the union’s demand for an increase in wages and bonuses for the fourth consecutive year. This reflects a possible establishment of a sustainable wage-price cycle in Japan, coinciding with interest rate hike consideration by the central bank.The yen strengthened while government bond futures tumbled, indicating traders' anticipation of an imminent action by the Bank of Japan (“BOJ”). This followed initial reports of Toyota reaching an agreement with its unions.Per ...
Why Toyota Motor Stock Tapped the Brakes Today
The Motley Fool· 2024-03-13 16:56
Shares of Japan's Toyota Motor Corporation (TM -2.12%) slid 2.4% through 10:45 a.m. ET on Wednesday after a Wall Street Journal report spooked investors in the automotive sector.Reviewing a report on luxury driver-assistance features from the Insurance Institute for Highway Safety (IIHS), the Journal reported that 11 out of 14 car models surveyed scored "poor" or worse for having inadequate measures to prevent drivers from losing focus on the road. Saying the quiet part out loudAt the risk of stating the ob ...
Investors Heavily Search Toyota Motor Corporation (TM): Here is What You Need to Know
Zacks Investment Research· 2024-03-13 14:05
Toyota Motor Corporation (TM) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned +3% over the past month versus the Zacks S&P 500 composite's +3.2% change. The Zacks Automotive - Foreign industry, to which Toyota Motor Corporation belongs, has gained 8.1% over this period. Now the key question is: Where could the stock be headed in the near term ...