Toyota Motor Corporation (NYSE:TM) Receives $290.00 Average Price Target from Analysts

Shares of Toyota Motor Corporation (NYSE:TM) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $290.00.

A number of research firms recently weighed in on TM. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Friday, July 17th. Zacks Research cut Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, July 6th. Morgan Stanley initiated coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating on the stock. Erste Group Bank lowered Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th.

Toyota Motor Stock Down 1.7%

TM stock opened at $176.93 on Friday. The company has a market cap of $230.60 billion, a P/E ratio of 9.04 and a beta of 0.58. Toyota Motor has a 52 week low of $166.10 and a 52 week high of $248.90. The company’s 50-day moving average price is $178.57 and its 200 day moving average price is $204.20. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM) last issued its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The company had revenue of $76.81 billion for the quarter. On average, research analysts expect that Toyota Motor will post 20.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

Hedge funds have recently added to or reduced their stakes in the business. Alliance Private Wealth LLC lifted its holdings in shares of Toyota Motor by 19.5% in the second quarter. Alliance Private Wealth LLC now owns 11,905 shares of the company’s stock valued at $2,005,000 after purchasing an additional 1,940 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Toyota Motor by 1.4% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 7,150 shares of the company’s stock worth $1,204,000 after purchasing an additional 100 shares during the last quarter. Norway Savings Bank raised its position in shares of Toyota Motor by 17.5% during the 2nd quarter. Norway Savings Bank now owns 1,923 shares of the company’s stock worth $324,000 after purchasing an additional 287 shares during the last quarter. Trust Point Inc. lifted its stake in Toyota Motor by 3.3% in the 2nd quarter. Trust Point Inc. now owns 2,251 shares of the company’s stock valued at $379,000 after buying an additional 71 shares in the last quarter. Finally, 55 North Private Wealth LLC lifted its stake in Toyota Motor by 4.5% in the 2nd quarter. 55 North Private Wealth LLC now owns 1,356 shares of the company’s stock valued at $228,000 after buying an additional 58 shares in the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

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.