Toyota Motor Corporation (NYSE:TM) Receives $290.00 Consensus PT from Brokerages

Toyota Motor Corporation (NYSE:TM) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $290.00.

Several research firms recently commented on TM. Zacks Research raised Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. BNP Paribas Exane initiated coverage on Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st.

Institutional Trading of Toyota Motor

Several large investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in Toyota Motor during the third quarter valued at $26,000. Highline Wealth Partners LLC increased its holdings in shares of Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after purchasing an additional 73 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Toyota Motor by 37.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Toyota Motor by 302.1% in the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 142 shares during the last quarter. Finally, Activest Wealth Management lifted its holdings in shares of Toyota Motor by 10,000.0% during the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Price Performance

NYSE:TM opened at $204.96 on Monday. Toyota Motor has a 52 week low of $155.00 and a 52 week high of $248.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26. The firm’s 50-day simple moving average is $230.17 and its 200 day simple moving average is $212.38. The firm has a market cap of $267.13 billion, a price-to-earnings ratio of 10.80 and a beta of 0.60.

Toyota Motor (NYSE:TM) last released its earnings results on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, topping the consensus estimate 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. As a group, sell-side analysts predict that Toyota Motor will post 19.76 earnings per share for the current 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.