Shares of Toyota Motor Corporation Rise to a New 52-Week High

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of Toyota Motor Corporation TM traded today at $187.45, eclipsing its 52-week high. So far today approximately 85,000 shares have been exchanged, as compared to an average 30-day volume of 241,000 shares.

In the past 52 weeks, shares of Toyota Motor Corporation have traded between a low of $129.28 and a high of $187.45 and are now at $186.29, which is 44% above that low price.

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; the market share in Japan is about 52%, while U.S. share is over 15%. The firm also owns a 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.

Toyota Motor Corporation is currently priced 24.5% above its average consensus analyst price target of $140.63.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.