Toyota Motor Corporation (NYSE:TM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Toyota Motor Corporation (NYSE:TM) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers 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 downgraded Toyota Motor from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Friday, July 17th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Morgan Stanley assumed coverage on shares of Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC grew 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 worth $29,000 after purchasing an additional 113 shares in the last quarter. Highline Wealth Partners LLC raised 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 purchasing an additional 73 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Toyota Motor in the 1st quarter valued at about $33,000. Cornerstone Planning Group LLC boosted 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 buying an additional 48 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Toyota Motor by 302.1% during the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after buying an additional 142 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Trading Up 0.4%

Shares of NYSE:TM opened at $177.48 on Friday. The business’s 50 day moving average price is $178.31 and its 200-day moving average price is $204.01. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90. The firm has a market capitalization of $231.32 billion, a price-to-earnings ratio of 9.06 and a beta of 0.58. 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 issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The company had revenue of $76.81 billion during the quarter. On average, equities research analysts forecast that Toyota Motor will post 20.89 earnings per share 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.