Toyota Motor Corp. (NYSE: TM) is a global automaker with a strong presence in all major and developing markets. It is the world’s largest automaker by volume. As a stock market investment, Toyota is a reliable pick with a dividend and upside potential. Take a look at what makes it suited to any growth-focused portfolio.
Despite a slowdown in global auto production in 2020, Toyota produced strong results in its most recent quarter. It generated earnings per share of $3.15, compared to the average consensus estimate of $1.54. The figure compared well to the $3.87 per share that was generated in the year-ago quarter before the Coronavirus Pandemic.
Toyota has long-term revenue and earnings potential thanks to its broad vehicle lineup, wide market exposure, and its experience in electric vehicle and hybrid manufacturing. Analysts predict an average target price of $168.78, suggesting a strong upside. Toyota is profitable and generates a reliable dividend with a yield of 2.54% at today’s price, making it a viable income pick in today’s moderately volatile market.
Key Data:
- 1 Year Price Growth: 72%
- YTD Price Growth: -4.10%
- 3 Month Price Growth: 30%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions