Toyota Motor Corporation (NYSE:TM) Receives $290.00 Average PT from Analysts

Shares of Toyota Motor Corporation (NYSE:TM) have been given an average rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $290.00.

A number of brokerages have recently weighed in on TM. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wall Street Zen cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. BNP Paribas Exane assumed coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 target price on the stock. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st.

Toyota Motor Stock Performance

Shares of TM stock opened at $237.90 on Thursday. Toyota Motor has a 12-month low of $155.00 and a 12-month high of $248.90. The business’s fifty day simple moving average is $227.30 and its 200-day simple moving average is $208.85. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. The company has a market cap of $320.55 billion, a PE ratio of 12.54 and a beta of 0.62.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The firm had revenue of $76.37 billion during the quarter, compared to analysts’ expectations of $82 billion. Analysts expect that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. DeDora Capital Inc. boosted its position in Toyota Motor by 2.1% in the fourth quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock valued at $458,000 after buying an additional 45 shares during the last quarter. Independence Bank of Kentucky lifted its stake in Toyota Motor by 18.4% during the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock valued at $63,000 after acquiring an additional 46 shares during the period. Cornerstone Planning Group LLC boosted its holdings 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 acquiring an additional 48 shares during the last quarter. Wilmington Savings Fund Society FSB increased its stake in shares of Toyota Motor by 5.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock worth $195,000 after acquiring an additional 50 shares during the period. Finally, J2 Capital Management Inc raised its holdings in shares of Toyota Motor by 2.4% during the fourth quarter. J2 Capital Management Inc now owns 2,125 shares of the company’s stock worth $455,000 after purchasing an additional 50 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

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.