This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
Toyota Motor Corp. (TM)
by Zacks Equity ResearchSeptember 17, 2012 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
The company saw a marked recovery in the first quarter of its current fiscal year by posting a significant Y91.31 increase in earnings to Y91.68 per share ($1.14) due to strong demand for its vehicles and positive impact of cost reduction measures. For fiscal 2013, it expects higher consolidated revenues of Y22.00 trillion, operating income of Y1.00 trillion and profits of Y760.0 billion, compared with fiscal 2012.
Therefore, we continue with our Outperform recommendation on the stock and set a target price of $98.00. This target price, 14.0X our 2013 EPS estimate, reflects our positive outlook.
Please login to Zacks.com or register to post a comment.