Toyota Motor Corporation (NYSE:TM – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $198.67 and traded as high as $200.54. Toyota Motor shares last traded at $199.2790, with a volume of 428,396 shares trading hands.
Analysts Set New Price Targets
TM has been the topic of a number of analyst reports. Weiss Ratings raised shares of Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Zacks Research raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 29th. Finally, Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Four investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Toyota Motor presently has an average rating of “Buy” and a consensus price target of $290.00.
Check Out Our Latest Research Report on TM
Toyota Motor Price Performance
The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $259.73 billion, a PE ratio of 8.79, a PEG ratio of 1.22 and a beta of 0.62. The business has a fifty day moving average price of $192.22 and a 200-day moving average price of $198.67.
Toyota Motor (NYSE:TM – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. The company had revenue of $83.16 billion for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. Research analysts expect that Toyota Motor Corporation will post 21.17 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Lido Advisors LLC raised its position in shares of Toyota Motor by 8.8% in the 3rd quarter. Lido Advisors LLC now owns 4,628 shares of the company’s stock worth $848,000 after acquiring an additional 375 shares in the last quarter. Keybank National Association OH lifted its stake in shares of Toyota Motor by 23.2% in the 3rd quarter. Keybank National Association OH now owns 10,147 shares of the company’s stock valued at $1,858,000 after purchasing an additional 1,912 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Toyota Motor by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 13,436 shares of the company’s stock valued at $2,463,000 after purchasing an additional 1,549 shares in the last quarter. Brighton Jones LLC boosted its position in shares of Toyota Motor by 2.9% during the third quarter. Brighton Jones LLC now owns 2,765 shares of the company’s stock valued at $506,000 after purchasing an additional 79 shares in the last quarter. Finally, 180 Wealth Advisors LLC boosted its position in shares of Toyota Motor by 19.1% during the third quarter. 180 Wealth Advisors LLC now owns 1,534 shares of the company’s stock valued at $281,000 after purchasing an additional 246 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.
Toyota Motor Company Profile
Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.
Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.
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