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

Toyota Motor Corporation (NYSE:TM - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $290.00.

Several analysts have recently commented on TM shares. Weiss Ratings cut Toyota Motor from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. 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, Freedom Capital raised shares of Toyota Motor from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th.

Toyota Motor Price Performance

Shares of TM stock opened at $197.33 on Monday. Toyota Motor has a one year low of $166.10 and a one 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 stock's fifty day simple moving average is $185.30 and its 200 day simple moving average is $195.64. The firm has a market cap of $257.19 billion, a price-to-earnings ratio of 8.70, a P/E/G ratio of 1.31 and a beta of 0.57.

Toyota Motor (NYSE:TM - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. The business had revenue of $83.16 billion during the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. On average, analysts expect that Toyota Motor will post 20.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Kenta Kon purchased 85,000 shares of Toyota Motor stock in a transaction dated Wednesday, August 5th. The shares were bought at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the transaction, the president directly owned 148,100 shares in the company, valued at $2,726,521. This trade represents a 134.71% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Toyota Motor

A number of hedge funds have recently modified their holdings of TM. Fisher Asset Management LLC raised its holdings in shares of Toyota Motor by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company's stock worth $1,497,494,000 after acquiring an additional 86,474 shares during the period. Morgan Stanley increased its stake in Toyota Motor by 13.0% in the 4th 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 during the last quarter. Bank of America Corp DE lifted its position in Toyota Motor by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 1,465,611 shares of the company's stock worth $280,064,000 after buying an additional 67,943 shares in the last quarter. Northern Trust Corp raised its holdings in Toyota Motor by 3.6% during the third quarter. Northern Trust Corp now owns 1,051,468 shares of the company's stock worth $200,925,000 after acquiring an additional 36,207 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Toyota Motor by 14.3% during the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company's stock worth $113,951,000 after purchasing an additional 66,695 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.

Toyota Motor Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source