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

Toyota Motor Corporation (NYSE:TM) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $290.00.

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Zacks Research downgraded Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th.

Toyota Motor Stock Down 1.7%

NYSE:TM opened at $166.80 on Wednesday. The company has a market capitalization of $217.40 billion, a price-to-earnings ratio of 8.52 and a beta of 0.56. Toyota Motor has a one year low of $166.72 and a one year high of $248.90. The stock has a 50-day simple moving average of $188.49 and a 200 day simple moving average of $209.73. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The business had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Sell-side analysts predict that Toyota Motor will post 21.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC raised its holdings in shares of Toyota Motor by 224.4% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 7,990 shares of the company’s stock valued at $1,710,000 after buying an additional 5,527 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in shares of Toyota Motor by 46.2% during the third quarter. Clark Capital Management Group Inc. now owns 330,433 shares of the company’s stock valued at $63,142,000 after buying an additional 104,471 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Toyota Motor by 18.3% during the third quarter. American Century Companies Inc. now owns 332,180 shares of the company’s stock valued at $63,476,000 after buying an additional 51,284 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Toyota Motor during the fourth quarter valued at approximately $1,651,000. Finally, Natixis Advisors LLC raised its holdings in shares of Toyota Motor by 14.3% during the fourth quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock valued at $113,951,000 after buying an additional 66,695 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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.