#3 - Toyota Motor Corporation (NYSE:TM)
Toyota Motor Corporation (NYSE: TM)– Perhaps no company better defines the uncertainties caused by the Trump tariffs than Toyota. How else do you explain a company that reports a record fiscal first quarter (Toyota's fiscal year begins in April) yet a stock price that remains flat? In the words of the senior managing officer, Masayoshi Shirayanagi, it's the uncertainty being caused by the tariffs and subsequent trade war that could have an "enormously big" impact on U.S. sales. Toyota reported adjusted earnings per share of $3.98 on revenue of $66 billion. They also posted year-over-year revenue that was up 4.5 percent. And to top it off, they reported a record net profit of $5.9 billion as well. Still, the company announced in June that the cost of every vehicle sold in the United States, including popular models like the Toyota Camry, would increase to offset the proposed 25 percent tariff. Moody’s has said the tariff would be “broadly credit negative” for the entire industry.
About Toyota Motor
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.
Read More - Current Price
- $191.37
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
