Are You Looking for a Top Momentum Pick? Why Toyota Motor Corporation (TM) is a Great Choice

04.03.24 18:00 Uhr

Werte in diesem Artikel
Aktien

21,76 EUR -0,08 EUR -0,37%

Indizes

PKT PKT

37.146,2 PKT -933,5 PKT -2,45%

6.966,4 PKT -40,6 PKT -0,58%

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.Below, we take a look at Toyota Motor Corporation (TM), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Toyota Motor Corporation currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of Zacks #1 Rank Stocks here >>>Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for TM that show why this company shows promise as a solid momentum pick.Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.For TM, shares are up 4.7% over the past week while the Zacks Automotive - Foreign industry is up 1.3% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 21.48% compares favorably with the industry's 7.58% performance as well.Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Toyota Motor Corporation have risen 31.38%, and are up 75.96% in the last year. On the other hand, the S&P 500 has only moved 12.18% and 31.71%, respectively.Investors should also take note of TM's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, TM is averaging 359,051 shares for the last 20 days.Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with TM.Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost TM's consensus estimate, increasing from $19.31 to $22.20 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been 1 downward revision in the same time period.Bottom LineGiven these factors, it shouldn't be surprising that TM is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Toyota Motor Corporation on your short list.Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toyota Motor Corporation (TM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

Ausgewählte Hebelprodukte auf Toyota Motor

Mit Knock-outs können spekulative Anleger überproportional an Kursbewegungen partizipieren. Wählen Sie einfach den gewünschten Hebel und wir zeigen Ihnen passende Open-End Produkte auf Toyota Motor

NameHebelKOEmittent
NameHebelKOEmittent
Werbung

Quelle: Zacks

Nachrichten zu Toyota Motor Corp.

Analysen zu Toyota Motor Corp.

DatumRatingAnalyst
18.04.2013Toyota Motor kaufenNorddeutsche Landesbank (Nord/LB)
18.12.2012Toyota Motor kaufenNorddeutsche Landesbank (Nord/LB)
05.11.2012Toyota Motor kaufenNorddeutsche Landesbank (Nord/LB)
23.10.2012Toyota Motor kaufenNorddeutsche Landesbank (Nord/LB)
12.10.2012Toyota Motor kaufenFuchsbriefe
DatumRatingAnalyst
18.04.2013Toyota Motor kaufenNorddeutsche Landesbank (Nord/LB)
18.12.2012Toyota Motor kaufenNorddeutsche Landesbank (Nord/LB)
05.11.2012Toyota Motor kaufenNorddeutsche Landesbank (Nord/LB)
23.10.2012Toyota Motor kaufenNorddeutsche Landesbank (Nord/LB)
12.10.2012Toyota Motor kaufenFuchsbriefe
DatumRatingAnalyst
05.06.2012Toyota Motor neutralCredit Suisse Group
10.05.2012Toyota Motor neutralSarasin Research
19.03.2012Toyota Motor neutralSarasin Research
08.02.2012Toyota Motor neutralSarasin Research
18.01.2012Toyota Motor haltenNorddeutsche Landesbank (Nord/LB)
DatumRatingAnalyst
11.04.2011Toyota Motor sellCitigroup Corp.
19.02.2009Toyota Motor Finger wegAsia Investor
29.12.2008Toyota Motor für Einstieg zu frühEuro am Sonntag

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Toyota Motor Corp. nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"