Toyota Motor (NYSE:TM) Hits New 1-Year High – Still a Buy?

Toyota Motor Corporation (NYSE:TM)’s share price hit a new 52-week high on Wednesday . The company traded as high as $242.76 and last traded at $241.83, with a volume of 59199 shares traded. The stock had previously closed at $231.42.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. Wall Street Zen lowered Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research downgraded shares of Toyota Motor from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Toyota Motor Stock Performance

The company has a debt-to-equity ratio of 0.61, a current ratio of 1.25 and a quick ratio of 1.10. The company has a fifty day moving average price of $215.68 and a 200 day moving average price of $202.94. The stock has a market cap of $326.19 billion, a P/E ratio of 10.68 and a beta of 0.62.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.36 by $1.49. Toyota Motor had a net margin of 9.33% and a return on equity of 12.32%. The business had revenue of $81.22 billion during the quarter, compared to the consensus estimate of $79.06 billion. On average, equities analysts expect that Toyota Motor Corporation will post 19.76 EPS for the current year.

Hedge Funds Weigh In On Toyota Motor

Large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in Toyota Motor by 21.8% during the 4th quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after purchasing an additional 476 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Toyota Motor by 57.9% during the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after buying an additional 4,223 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Toyota Motor during the second quarter worth $124,000. Ascent Group LLC raised its position in Toyota Motor by 8.6% in the 2nd quarter. Ascent Group LLC now owns 1,539 shares of the company’s stock valued at $265,000 after buying an additional 122 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its stake in Toyota Motor by 5.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,819 shares of the company’s stock valued at $658,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

About Toyota Motor

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.