Toyota Motor Corporation's (TM, Financial) Chairman, Akio Toyoda, is contemplating a significant move to privatize Toyota Industries in a deal valued at $42 billion. This proposal, while garnering investor support, potentially conflicts with Japan's broader efforts to enhance corporate governance through greater shareholder accountability.
This strategic maneuver by Toyoda could signal a shift away from Toyota Group's previous efforts to reduce cross-shareholdings and increase the presence of independent directors on its board. The move may have implications for corporate governance reforms in Japan, which aim to foster transparency and accountability in the nation's corporate sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Toyota Motor Corp (TM, Financial) is $218.15 with a high estimate of $227.12 and a low estimate of $209.17. The average target implies an upside of 15.91% from the current price of $188.21. More detailed estimate data can be found on the Toyota Motor Corp (TM) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Toyota Motor Corp's (TM, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Toyota Motor Corp (TM, Financial) in one year is $200.63, suggesting a upside of 6.6% from the current price of $188.21. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Toyota Motor Corp (TM) Summary page.
