J.P. Morgan Remains a Hold on Mitsubishi Motors (MMTOF)

J.P. Morgan analyst Akira Kishimoto maintained a Hold rating on Mitsubishi Motors today and set a price target of Yen380.00. The company’s shares closed yesterday at $2.62.

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Kishimoto covers the Consumer Cyclical sector, focusing on stocks such as Yamaha Motor Co, Nissan Motor Co, and Mazda Motor. According to TipRanks, Kishimoto has an average return of 7.9% and a 69.09% success rate on recommended stocks.

Mitsubishi Motors has an analyst consensus of Hold, with a price target consensus of $2.94, representing a 12.21% upside. In a report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a Yen437.00 price target.

Based on Mitsubishi Motors’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $798.94 billion and a net profit of $7.76 billion. In comparison, last year the company earned a revenue of $725.73 billion and had a net profit of $51.95 billion