Toyota Motor Corporation (NYSE:TM – Get Free Report) has earned a consensus rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $290.00.
A number of brokerages recently commented on TM. Weiss Ratings downgraded Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Erste Group Bank raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Finally, Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th.
View Our Latest Stock Analysis on TM
Toyota Motor Stock Up 0.8%
Toyota Motor (NYSE:TM – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. The firm had revenue of $83.16 billion during the quarter. Research analysts predict that Toyota Motor will post 20.36 EPS for the current fiscal year.
Insider Transactions at Toyota Motor
In related news, President Kenta Kon acquired 85,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were acquired at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the transaction, the president owned 148,100 shares in the company, valued at approximately $2,726,521. The trade was a 134.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Institutional Investors Weigh In On Toyota Motor
Large investors have recently modified their holdings of the stock. Compass Financial Management LLC purchased a new stake in Toyota Motor in the second quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Toyota Motor by 418.5% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock valued at $29,000 after buying an additional 113 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Toyota Motor during the 1st quarter worth $33,000. Miller Global Investments LLC purchased a new stake in Toyota Motor in the 3rd quarter worth about $34,000. Finally, Trust Co. of Vermont bought a new stake in Toyota Motor in the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.
Toyota Motor Company Profile
Toyota Motor Corporation is a Japan-based automotive company that develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products. Its principal brands include Toyota and Lexus, while the broader Toyota group also has ties to Daihatsu and Hino. The company offers a range of vehicles powered by internal-combustion engines, hybrids, plug-in hybrids, battery-electric systems and fuel cells.
Founded in 1937 by Kiichiro Toyoda, Toyota has grown into one of the world’s largest vehicle manufacturers.
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