Toyota Motor Corporation (NYSE:TM) Receives $290.00 Consensus Target Price from Analysts

Toyota Motor Corporation (NYSE:TM) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $290.00.

TM has been the subject of a number of research analyst reports. BNP Paribas Exane initiated coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective for the company. Zacks Research cut shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Morgan Stanley started coverage on shares of Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating for the company. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd.

Hedge Funds Weigh In On Toyota Motor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC increased its position in Toyota Motor by 418.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Highline Wealth Partners LLC increased its position in Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after acquiring an additional 73 shares during the period. International Assets Investment Management LLC acquired a new position in Toyota Motor in the 1st quarter valued at approximately $33,000. Cornerstone Planning Group LLC increased its position in 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 period. Finally, Larson Financial Group LLC increased its position in Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after acquiring an additional 142 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Price Performance

TM stock opened at $176.96 on Friday. The company has a 50 day simple moving average of $196.53 and a 200 day simple moving average of $211.66. The stock has a market cap of $230.63 billion, a price-to-earnings ratio of 9.04 and a beta of 0.57. Toyota Motor has a 1 year low of $167.18 and a 1 year high of $248.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. The business had revenue of $76.81 billion during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. Research analysts anticipate that Toyota Motor will post 21.66 EPS for the current fiscal year.

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.