Analysts Set Toyota Motor Corporation (NYSE:TM) Price Target at $290.00

Shares of Toyota Motor Corporation (NYSE:TM) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $290.00.

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

Toyota Motor Price Performance

Shares of Toyota Motor stock opened at $209.05 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. Toyota Motor has a one year low of $155.00 and a one year high of $248.90. The business’s 50 day simple moving average is $230.62 and its two-hundred day simple moving average is $212.33. The stock has a market capitalization of $272.47 billion, a P/E ratio of 11.02 and a beta of 0.60.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $82 billion. Analysts forecast that Toyota Motor will post 19.76 EPS for the current year.

Institutional Investors Weigh In On Toyota Motor

Several institutional investors and hedge funds have recently bought and sold shares of TM. DeDora Capital Inc. raised its holdings in shares of Toyota Motor by 2.1% during the fourth quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock valued at $458,000 after acquiring an additional 45 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Toyota Motor by 3.2% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock valued at $314,000 after purchasing an additional 45 shares during the period. Independence Bank of Kentucky raised its holdings in Toyota Motor by 18.4% in the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock worth $63,000 after purchasing an additional 46 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its position in shares of Toyota Motor by 5.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock worth $195,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Company Profile

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.