Toyota Motor Corporation (NYSE:TM) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Toyota Motor Corporation (NYSE:TMGet Free Report) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $290.00.

A number of research analysts recently commented on the stock. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. BNP Paribas Exane started coverage on Toyota Motor in a research note on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price objective on the stock. Zacks Research downgraded Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley began coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company.

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Key Stories Impacting Toyota Motor

Here are the key news stories impacting Toyota Motor this week:

Toyota Motor Stock Performance

Shares of TM opened at $189.90 on Friday. The firm has a 50-day moving average price of $199.43 and a 200 day moving average price of $212.54. The firm has a market capitalization of $247.50 billion, a PE ratio of 9.70 and a beta of 0.58. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62. Toyota Motor has a 52-week low of $167.18 and a 52-week high of $248.90.

Toyota Motor (NYSE:TMGet Free Report) last announced its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The firm had revenue of $76.81 billion during the quarter. On average, sell-side analysts anticipate that Toyota Motor will post 21.66 earnings per share for the current fiscal year.

Institutional Trading of Toyota Motor

A number of large investors have recently added to or reduced their stakes in TM. Morgan Stanley boosted its holdings in Toyota Motor by 13.0% during the fourth quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after buying an additional 279,110 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Toyota Motor by 3,027.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock worth $54,107,000 after buying an additional 244,684 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Toyota Motor by 204.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after buying an additional 172,829 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Toyota Motor by 717.3% during the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after buying an additional 128,128 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Toyota Motor by 116.3% in the 4th quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock worth $49,580,000 after acquiring an additional 124,520 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

About Toyota Motor

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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.

Further Reading

Analyst Recommendations for Toyota Motor (NYSE:TM)

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