Toyota Motor Corporation (NYSE:TM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Toyota Motor Corporation (NYSE:TM) have received an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $290.00.

TM has been the subject of several recent research reports. Zacks Research raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. BNP Paribas Exane initiated coverage on Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target for the company. Morgan Stanley initiated coverage on Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. Finally, Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd.

Hedge Funds Weigh In On Toyota Motor

Several large investors have recently modified their holdings of the business. DeDora Capital Inc. lifted its stake in shares of Toyota Motor by 2.1% in the 4th quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock valued at $458,000 after purchasing an additional 45 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Toyota Motor by 3.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock valued at $314,000 after purchasing an additional 45 shares during the last quarter. Independence Bank of Kentucky lifted its stake in shares of Toyota Motor by 18.4% in the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock valued at $63,000 after purchasing an additional 46 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after purchasing an additional 48 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Toyota Motor by 5.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock valued at $195,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Price Performance

NYSE:TM opened at $183.71 on Tuesday. Toyota Motor has a one year low of $167.18 and a one year high of $248.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26. The stock has a market cap of $239.44 billion, a PE ratio of 9.38 and a beta of 0.58. The stock has a 50 day moving average price of $208.89 and a 200 day moving average price of $214.21.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a return on equity of 9.86% and a net margin of 7.59%.The firm had revenue of $76.81 billion during the quarter. Equities research analysts expect that Toyota Motor will post 22.49 EPS for the current fiscal year.

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.