UBS cuts Toyota Industries stock rating, raises price target

Published 02/05/2025, 11:30
UBS cuts Toyota Industries stock rating, raises price target

On Friday, UBS analysts adjusted their stance on Toyota Industries (OTC:TYIDF) Corp. (6201:JP) (OTC: TYIDF), a $34.65 billion market cap machinery company, downgrading the stock rating from Buy to Neutral while simultaneously raising the price target to JPY17,000.00 from the previous JPY14,600.00. According to InvestingPro analysis, the stock appears overvalued at current levels. This decision comes in the wake of the company’s announcement on April 26, 2025, that it had received a proposal for a private takeover through a special purpose vehicle (SPV).

The proposal has already had a significant impact on Toyota Industries’ share price, which has seen a 33% increase. The stock has delivered an impressive 72.77% return over the past six months and is currently trading near its 52-week high of $129. Analysts at UBS believe that the gap between the stock’s market value and the value of the marketable securities it holds has decreased to approximately a 30% discount. This figure is thought to mirror the tax rate that would apply to assumed sales of these securities.

UBS suggests that there is potential for further share price growth if Toyota Industries adopts a more aggressive approach to either unwinding cross shareholdings or undergoing reorganization. The analysts speculate that the way in which the proceeds from these actions are utilized could provide additional upward momentum for the stock.

Conversely, UBS also notes that if Toyota (NYSE:TM) itself spearheads the unwinding of cross shareholdings, it could signal that short-term positive factors for Toyota Industries’ stock have been exhausted. With these considerations in mind, the analysts have concluded that the risks and rewards are now balanced, leading to their decision to downgrade the stock rating to Neutral despite the increase in the price target.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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