Toyoto Motors Corporation disclosed its 4Q earnings on Wednesday, 11th February, with the earnings per share (EPS) coming at $3.15 falling only $0.01 below expectation of the analysts who had predicted the EPS to be $3.16.
The car makers emerged with a price target of $130.85 for the day, with a 52 week high of $134.24 and low of $103.38.
Many financial analysts have analyzed the stock of the company. According to financial analysts at Jefferies Group, the price target on the company shares is $144.82 to $145.89, giving Toyota Motors a ‘buy’ rating. Analysts at Zacks gave a ‘neutral’ rating to the company’s shares, setting the company’s price target at $132.00.
Three financial firms have given Toyoto Motors the status of a ‘hold’ rating, while two equity analysts have confirmed its shares to be a ‘buy’ rating shares. One analyst has also given Toyoto Motors (NYSE:TM) the rating of a ‘strong buy’.
Two financial analysts firms have also given Toyota Motors shares to reach $153.66 in a period of just twelve months, while another equity analyst sees the company to reach a price target of $145.89 before the end of 2015.
Financial analysts who have analyzed the company’s position in the long term have are of the opinion that the company’s EPS for the present year is to be $12.52. The average growth of the EPS is expected to grow 7% in the next 4-5 years.
Toyota Motor‘s year-over-year earnings increased 16% according to Bloomberg.
The car makers recently launched its hydrogen fuel cell technology which was something the company’s opponents needed to worry about. The fuel technology has given the other car makers like Tesla a run for their money. Toyota is currently providing financial assistance to nineteen fuel stations in California and twelve in different cities like New Jersey, Rhode Island and New York. California has even guaranteed $200 million for the purpose of building 100 new fueling stations in the upcoming 10 years.
Toyota Motor is a Japanese company that deals in automobiles and financial business all over the world. The company has been divided into three main branches in which the automobile department deals with the manufacturing, designing and assembling of cars. It a;so deals with the manufacture of vehicles like sedans and trucks.
The financial department of the company deals with the finances of the company, giving financial advice to the company for the sale of its products.
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