Erste Group Bank Lifts Earnings Estimates for Toyota Motor

Toyota Motor Corporation (NYSE:TM) – Equities research analysts at Erste Group Bank boosted their FY2027 earnings per share (EPS) estimates for Toyota Motor in a report issued on Friday, September 18th. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $20.14 per share for the year, up from their prior forecast of $19.90. Erste Group Bank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Toyota Motor’s current full-year earnings is $20.28 per share.

Several other research firms have also commented on TM. Weiss Ratings lowered shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Toyota Motor has an average rating of “Buy” and a consensus target price of $290.00.

Toyota Motor Stock Performance

Shares of Toyota Motor stock opened at $192.62 on Tuesday. The business’s 50 day moving average price is $189.56 and its 200 day moving average price is $192.01. The company has a market cap of $251.05 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.26 and a beta of 0.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. Toyota Motor has a one year low of $166.10 and a one year high of $248.90.

Toyota Motor (NYSE:TM) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%.The company had revenue of $83.16 billion during the quarter.

Insiders Place Their Bets

In other Toyota Motor news, President Kenta Kon acquired 85,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was acquired at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the transaction, the president owned 148,100 shares in the company, valued at $2,726,521. The trade was a 134.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. IPG Investment Advisors LLC boosted its holdings in shares of Toyota Motor by 22.0% in the second quarter. IPG Investment Advisors LLC now owns 2,860 shares of the company’s stock valued at $482,000 after acquiring an additional 515 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Toyota Motor by 8.3% in the second quarter. Integrated Wealth Concepts LLC now owns 6,514 shares of the company’s stock valued at $1,097,000 after purchasing an additional 501 shares during the period. NewEdge Advisors LLC lifted its position in Toyota Motor by 1.1% in the second quarter. NewEdge Advisors LLC now owns 5,850 shares of the company’s stock valued at $985,000 after purchasing an additional 62 shares during the period. Baird Financial Group Inc. boosted its holdings in Toyota Motor by 79.9% in the 2nd quarter. Baird Financial Group Inc. now owns 6,088 shares of the company’s stock valued at $1,025,000 after purchasing an additional 2,704 shares in the last quarter. Finally, Brown Lisle Cummings Inc. increased its position in Toyota Motor by 269.2% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 288 shares of the company’s stock worth $49,000 after purchasing an additional 210 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

About Toyota Motor

Toyota Motor Corporation is a Japan-based automotive company headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger cars, trucks, commercial vehicles and related automotive components. Its principal brands include Toyota and Lexus, along with the performance-oriented GR sub-brand.

Toyota offers vehicles powered by internal combustion engines, hybrid-electric systems, plug-in hybrids, battery-electric powertrains and hydrogen fuel-cell technology.