Toyota Motor Corp (NYSE:TM) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $130.00.
TM has been the subject of a number of recent analyst reports. ValuEngine cut Toyota Motor from a “buy” rating to a “hold” rating in a research report on Saturday, May 26th. Zacks Investment Research raised Toyota Motor from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research report on Thursday, May 31st. Daiwa Capital Markets raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Friday, June 1st. Finally, Goldman Sachs Group raised Toyota Motor from a “neutral” rating to a “buy” rating in a research report on Friday, June 1st.
Shares of NYSE TM traded down $0.21 during trading hours on Friday, hitting $124.74. The stock had a trading volume of 4,948 shares, compared to its average volume of 173,038. The stock has a market cap of $184.11 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.46 and a beta of 0.72. Toyota Motor has a 52 week low of $118.82 and a 52 week high of $140.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.01.
Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Friday, August 3rd. The company reported $4.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.73 by $0.35. The business had revenue of $67.52 billion during the quarter, compared to analysts’ expectations of $65.87 billion. Toyota Motor had a return on equity of 13.25% and a net margin of 8.52%. analysts predict that Toyota Motor will post 14.34 EPS for the current year.
Hedge funds have recently modified their holdings of the company. IHT Wealth Management LLC raised its stake in shares of Toyota Motor by 110.6% in the first quarter. IHT Wealth Management LLC now owns 857 shares of the company’s stock valued at $108,000 after purchasing an additional 450 shares in the last quarter. Kiley Juergens Wealth Management LLC acquired a new position in shares of Toyota Motor in the second quarter valued at $125,000. Cornerstone Wealth Management LLC acquired a new position in shares of Toyota Motor in the second quarter valued at $128,000. Rainier Group Investment Advisory LLC acquired a new position in shares of Toyota Motor in the first quarter valued at $130,000. Finally, Quantbot Technologies LP acquired a new position in shares of Toyota Motor in the first quarter valued at $135,000. Institutional investors own 0.74% of the company’s stock.
About Toyota Motor
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.
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