Toyota Motor Corporation (TM): The Winning Streak Continues

January 4, 2022 12:02:56

Toyota Motor Corporation (NYSE:TM) traded at a new 12-month high today of $196.13. This new high was reached on approximately average trading volume as 248,000 shares traded hands, while the average 30-day volume is approximately 248,000 shares.

Toyota Motor Corporation share prices have moved between a 12-month high of $196.13 and a 12-month low of $139.29 and are now trading 40% above that low price at $195.45 per share.

Toyota Motor Corporation is currently priced 31.7% above its average consensus analyst price target of $133.46.

Founded in 1937, Toyota is one of the world’s largest automakers with 9.92 million units sold at retail in fiscal 2021 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 52%, while U.S. share is over 15%. The firm also owns large stake in Denso, a parts supplier, at least 16% of Subaru (with a deal to raise that to 20%), and holds investments in many other firms, including shares of Uber Technologies and about 5% in each of Mazda and Suzuki. Fiscal 2021 sales excluding financial services were JPY 25.1 trillion. Toyota also has a financing arm and manufactures homes and boats.

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