Toyota Motor Corporation (NYSE:TM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Toyota Motor Corporation (NYSE:TM) has earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $290.00.

Several brokerages recently commented on TM. Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Zacks Research cut Toyota Motor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Morgan Stanley began coverage on Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. Finally, DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TM. Morgan Stanley increased its holdings 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 valued at $518,378,000 after buying an additional 279,110 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Toyota Motor by 3,027.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock valued at $54,107,000 after buying an additional 244,684 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Toyota Motor by 204.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after purchasing an additional 172,829 shares in the last quarter. Orion Porfolio Solutions LLC grew its position in Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after purchasing an additional 128,128 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Toyota Motor by 116.3% during the 4th quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock worth $49,580,000 after purchasing an additional 124,520 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Stock Performance

TM opened at $166.80 on Wednesday. The business’s 50 day moving average is $188.49 and its 200-day moving average is $209.73. The stock has a market cap of $217.40 billion, a PE ratio of 8.52 and a beta of 0.56. 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 has a twelve month low of $166.72 and a twelve month high of $248.90.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The firm had revenue of $76.81 billion for the quarter. On average, analysts predict that Toyota Motor will post 21.06 earnings per share for the current year.

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.