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

Toyota Motor Corporation (NYSE:TM) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $290.00.

TM has been the subject of several recent analyst reports. Wall Street Zen cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. BNP Paribas Exane began coverage on shares of Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a research report on Friday, October 31st. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC boosted its position in Toyota Motor by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock worth $1,497,494,000 after purchasing an additional 86,474 shares during the period. Morgan Stanley boosted its position in shares of Toyota Motor by 13.0% in 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 during the period. Bank of America Corp DE grew its stake in shares of Toyota Motor by 4.9% in the third quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock valued at $280,064,000 after buying an additional 67,943 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Toyota Motor by 3.6% during the 3rd quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock valued at $200,925,000 after buying an additional 36,207 shares during the period. Finally, Natixis Advisors LLC lifted its position in Toyota Motor by 14.3% during the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock worth $113,951,000 after acquiring an additional 66,695 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

NYSE:TM opened at $243.29 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The firm has a market cap of $327.82 billion, a PE ratio of 12.83 and a beta of 0.62. The firm has a 50 day simple moving average of $225.45 and a 200-day simple moving average of $207.46. Toyota Motor has a 1-year low of $155.00 and a 1-year high of $248.90.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Friday, February 6th. The company reported $6.26 earnings per share for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. The company had revenue of $76.37 billion for the quarter, compared to analyst estimates of $82 billion. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%. On average, equities analysts expect that Toyota Motor will post 19.76 EPS for the current year.

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.