Toyota Motor Corporation (NYSE:TM – Get Free Report) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $290.00.
A number of research analysts have recently issued reports on TM shares. Erste Group Bank lowered Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Morgan Stanley started coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating on the stock. Finally, Zacks Research lowered shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th.
Read Our Latest Stock Analysis on Toyota Motor
Toyota Motor Stock Performance
Toyota Motor (NYSE:TM – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The firm had revenue of $76.81 billion during the quarter. On average, equities research analysts expect that Toyota Motor will post 20.89 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Fisher Asset Management LLC boosted its position in shares of Toyota Motor by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock worth $1,497,494,000 after acquiring an additional 86,474 shares during the last quarter. Morgan Stanley increased its position in Toyota Motor by 13.0% during the fourth quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after purchasing an additional 279,110 shares during the last quarter. Bank of America Corp DE raised its stake in Toyota Motor by 4.9% during the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock worth $280,064,000 after purchasing an additional 67,943 shares during the period. Northern Trust Corp raised its stake in Toyota Motor by 3.6% during the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock worth $200,925,000 after purchasing an additional 36,207 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of Toyota Motor by 14.3% in the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock valued at $113,951,000 after purchasing an additional 66,695 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.
About Toyota Motor
Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.
The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.
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