Toyota Motor Corporation (NYSE:TM) Stock Has Average Target Price of $290.00

Shares of Toyota Motor Corporation (NYSE:TM) have earned an average recommendation of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $290.00.

Several research firms recently weighed in on TM. 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. Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings downgraded shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st.

Toyota Motor Trading Up 1.6%

Shares of TM stock opened at $185.89 on Friday. Toyota Motor has a 52-week low of $166.10 and a 52-week high of $248.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. The company has a 50-day simple moving average of $190.85 and a two-hundred day simple moving average of $189.27. The company has a market capitalization of $242.28 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 1.20 and a beta of 0.61.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. The firm 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 anticipate that Toyota Motor will post 20.36 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Kenta Kon acquired 85,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was acquired at an average price of $18.41 per share, for a total transaction of $1,564,850.00. Following the completion of the purchase, the president owned 148,100 shares of the company’s stock, valued at $2,726,521. This represents a 134.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Toyota Motor

Several large investors have recently modified their holdings of the stock. Compass Financial Management LLC bought a new stake in shares of Toyota Motor during the second quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in 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 purchasing an additional 113 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Toyota Motor in the 1st quarter worth $33,000. Trust Co. of Vermont purchased a new position in shares of Toyota Motor in the second quarter worth $33,000. Finally, Miller Global Investments LLC purchased a new position in Toyota Motor in the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

About Toyota Motor

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.