Toyota Motor Corporation (NYSE:TM) Stock Has Consensus Price Target of $290.00

Toyota Motor Corporation (NYSE:TM) has received a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $290.00.

Several equities research analysts have recently issued reports on the stock. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th.

Insider Buying and Selling at Toyota Motor

In other news, President Kenta Kon acquired 85,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were purchased at an average price of $18.41 per share, for a total transaction of $1,564,850.00. Following the acquisition, the president directly owned 148,100 shares of the company’s stock, valued at $2,726,521. This represents a 134.71% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Toyota Motor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Toyota Motor in the first quarter worth about $9,598,000. Royal Bank of Canada boosted its holdings in Toyota Motor by 19.0% in the first quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock valued at $48,888,000 after purchasing an additional 37,893 shares during the last quarter. Live Oak Private Wealth LLC purchased a new position in Toyota Motor in the second quarter valued at about $6,081,000. Quantinno Capital Management LP boosted its holdings in Toyota Motor by 28.7% in the first quarter. Quantinno Capital Management LP now owns 157,114 shares of the company’s stock valued at $32,380,000 after purchasing an additional 35,025 shares during the last quarter. Finally, Calamos Wealth Management LLC acquired a new stake in Toyota Motor during the 1st quarter valued at approximately $4,279,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Performance

NYSE TM opened at $197.88 on Tuesday. The firm has a market capitalization of $257.91 billion, a P/E ratio of 8.73, a P/E/G ratio of 1.30 and a beta of 0.61. Toyota Motor has a 1-year low of $166.10 and a 1-year high of $248.90. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.00. The business’s 50-day simple moving average is $191.51 and its 200-day simple moving average is $199.71.

Toyota Motor (NYSE:TM) last posted its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. The firm had revenue of $83.16 billion during the quarter. Equities analysts predict that Toyota Motor will post 20.30 EPS for the current year.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.