Shares of Toyota Motor Corporation (NYSE:TM – Get Free Report) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $290.00.
TM has been the subject of several analyst reports. Weiss Ratings downgraded Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Morgan Stanley started coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating on the stock. Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th.
Check Out Our Latest Stock Analysis on Toyota Motor
Insiders Place Their Bets
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Toyota Motor by 21.8% in the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after buying an additional 476 shares in the last quarter. AQR Capital Management LLC grew its position in Toyota Motor by 57.9% during the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock worth $2,032,000 after buying an additional 4,223 shares in the last quarter. Baird Financial Group Inc. grew its position in Toyota Motor by 123.4% during the second quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock worth $490,000 after buying an additional 1,571 shares in the last quarter. Marshall Wace LLP bought a new position in Toyota Motor in the 2nd quarter worth about $864,000. Finally, Brown Advisory Inc. increased its stake in Toyota Motor by 17.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock worth $263,000 after acquiring an additional 230 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.
Toyota Motor Trading Down 0.7%
NYSE:TM opened at $188.50 on Thursday. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90. The stock’s fifty day moving average price is $178.56 and its two-hundred day moving average price is $200.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.00. The company has a market cap of $245.68 billion, a P/E ratio of 8.31, a P/E/G ratio of 1.25 and a beta of 0.56.
Toyota Motor (NYSE:TM – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%.The company had revenue of $83.16 billion during the quarter. As a group, analysts expect that Toyota Motor will post 20.28 EPS for the current year.
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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