Toyota Motor (NYSE:TM) Reaches New 12-Month High – Still a Buy?

Toyota Motor Corporation (NYSE:TM)’s stock price reached a new 52-week high on Friday . The stock traded as high as $247.65 and last traded at $247.2370, with a volume of 40021 shares changing hands. The stock had previously closed at $241.64.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TM shares. BNP Paribas Exane started coverage on shares of Toyota Motor in a research note on Thursday. They set an “outperform” rating and a $290.00 target price for the company. Wall Street Zen downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $290.00.

Toyota Motor Trading Up 2.7%

The company has a market capitalization of $334.47 billion, a P/E ratio of 13.09 and a beta of 0.62. The company has a 50-day simple moving average of $222.56 and a 200 day simple moving average of $206.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.10 and a current ratio of 1.26.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The business had revenue of $76.37 billion for the quarter, compared to the consensus estimate of $82 billion. Sell-side analysts expect that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

Hedge Funds Weigh In On Toyota Motor

Several large investors have recently added to or reduced their stakes in TM. Morgan Stanley boosted its position in shares of Toyota Motor by 13.0% during the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after acquiring an additional 279,110 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 purchasing an additional 244,684 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 purchasing an additional 172,829 shares during the period. 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 valued at $25,148,000 after purchasing an additional 128,128 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake 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 valued at $49,580,000 after purchasing an additional 124,520 shares during the period. Institutional investors and hedge funds 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.