Toyota Reaches New 52-Week High (TM)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- Toyota Motor (TM">TM) hit a new 52-week high Wednesday as it is currently trading at $113.78, above its previous 52-week high of $113.64 with 261,439 shares traded as of 10:56 a.m. ET. Average volume has been 607,800 shares over the past 30 days.
Toyota has a market cap of $177.71 billion and is part of the consumer goods sector and automotive industry. Shares are up 21.1% year to date as of the close of trading on Tuesday.
Toyota Motor Corporation engages in the design, manufacture, assembly, and sale of passenger cars, minivans, and commercial vehicles and related parts primarily in Japan, North America, Europe, and Asia. The company has a P/E ratio of 51, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Toyota as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Toyota Ratings Report.
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