Toyota Motor Corporation (NYSE:TM – Free Report) – Erste Group Bank lowered their FY2028 earnings per share (EPS) estimates for Toyota Motor in a research note issued on Friday, June 5th. Erste Group Bank analyst S. Lingnau now anticipates that the company will earn $22.44 per share for the year, down from their prior forecast of $23.11. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Toyota Motor’s current full-year earnings is $21.66 per share.
Other analysts have also issued research reports about the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. BNP Paribas Exane assumed coverage on Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective for the company. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Morgan Stanley assumed coverage on Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating for the company. Finally, Zacks Research lowered Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Toyota Motor presently has an average rating of “Moderate Buy” and an average target price of $290.00.
Toyota Motor Stock Performance
Shares of TM opened at $172.32 on Thursday. Toyota Motor has a 12 month low of $167.18 and a 12 month high of $248.90. The stock has a fifty day moving average price of $194.67 and a 200-day moving average price of $211.35. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The firm has a market cap of $224.59 billion, a PE ratio of 8.80 and a beta of 0.56.
Toyota Motor (NYSE:TM – Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The company had revenue of $76.81 billion during the quarter.
Hedge Funds Weigh In On Toyota Motor
Several hedge funds have recently made changes to their positions in TM. Morgan Stanley increased its position in shares of Toyota Motor by 13.0% in the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after acquiring an additional 279,110 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Toyota Motor by 3,027.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock valued at $54,107,000 after acquiring an additional 244,684 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Toyota Motor by 204.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock valued at $49,162,000 after acquiring an additional 172,829 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of Toyota Motor by 717.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after acquiring an additional 128,128 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Toyota Motor by 116.3% in the 4th quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock valued at $49,580,000 after acquiring an additional 124,520 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.
Toyota Motor Company Profile
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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