Analysts Set Toyota Motor Corporation (NYSE:TM) PT at $290.00

Toyota Motor Corporation (NYSE:TM) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $290.00.

Several analysts have issued reports on TM shares. Morgan Stanley started coverage on Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, BNP Paribas Exane started coverage on Toyota Motor in a research note on Thursday, February 12th. They set an “outperform” rating and a $290.00 price objective for the company.

Toyota Motor Stock Down 0.1%

Shares of TM opened at $180.27 on Friday. The firm has a market cap of $234.95 billion, a P/E ratio of 9.21 and a beta of 0.57. The stock has a 50 day simple moving average of $197.81 and a two-hundred day simple moving average of $212.08. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. Toyota Motor has a 1 year low of $167.18 and a 1 year high of $248.90.

Toyota Motor (NYSE:TM) last issued its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. The business had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. On average, analysts forecast that Toyota Motor will post 21.66 earnings per share for the current fiscal year.

Institutional Trading of Toyota Motor

A number of institutional investors have recently made changes to their positions in TM. Brighton Jones LLC boosted its stake in shares of Toyota Motor by 21.8% during the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after purchasing an additional 476 shares during the period. AQR Capital Management LLC raised its holdings in shares of Toyota Motor by 57.9% during the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after acquiring an additional 4,223 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Toyota Motor by 123.4% during the second quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after acquiring an additional 1,571 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Toyota Motor during the second quarter valued at approximately $864,000. Finally, Brown Advisory Inc. raised its holdings in shares of Toyota Motor by 17.7% during the second quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock valued at $263,000 after acquiring an additional 230 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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.