How Will Toyota (TM) Stock React To Strong First Half Sales Results?

NEW YORK (TheStreet) -- Toyota Motor Corp. (TM) maintained its global sales lead over Volkswagen (VLKAY) in the first six months of 2014 as rising U.S. demand for SUVs paced a first half record, Bloomberg reports.

Deliveries for Toyota, including its Hino Motors (HINOY) and Daihatsu Motor Co. units, rose 3.8% to 5.1 million vehicles in the first half, the company said.

Volkswagen reported sales of about 5.07 million units, including results for its heavy truck units.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Deliveries worldwide for General Motors (GM) were up 1.4% to 4.92 million cars and trucks, as increasing sales in China and the U.S. helped to offset declines in Europe and South America.

Shares of Toyota closed yesterday at $120.58

TheStreet Ratings team rates TOYOTA MOTOR CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TOYOTA MOTOR CORP (TM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."

If you liked this article you might like

Your Guide to Making a Lot of Money on the Driverless Car Boom

Tesla Headlines This Lineup of 12 Amazing New Cars for 2018

Stocks Dad Would Have Loved, And Why He Was Right

Honda Investing $267 Million, Adding 300 Jobs in U.S. for New Accord Model

Here Are 7 Eco-Friendly Cars to be Featured at Frankfurt Auto Show