Toyota Motor Corporation (NYSE:TM) Stock Now Rated "Buy" by Sell-Side Brokerages

Key Points

• Analyst consensus is “Buy”: Seven analysts covering Toyota Motor include three strong-buy ratings, one buy, and three holds, with an average 12-month price target of $290.
• Insider and institutional activity was positive: President Kenta Kon purchased 85,000 shares, while several investment firms initiated or increased positions; institutional investors own 1.48% of the stock.
• Toyota reported solid quarterly results: The company posted $7.42 in earnings per share on $83.16 billion in revenue, while shares recently traded at $197.88 with a market capitalization of approximately $257.9 billion.

Shares of Toyota Motor Corporation (NYSE:TM - Get Free Report) have earned an average recommendation of "Buy" from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $290.00.

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

Insider Activity

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

Hedge Funds Weigh In On Toyota Motor

Large investors have recently bought and sold shares of the stock. Angeles Wealth Management LLC acquired a new position in shares of Toyota Motor in the 3rd quarter valued at $205,000. Penobscot Investment Management Company Inc. acquired a new stake in shares of Toyota Motor during the 3rd quarter worth $202,000. Oppenheimer & Co. Inc. purchased a new position in shares of Toyota Motor in the 3rd quarter worth $250,000. apricus wealth LLC raised its position in shares of Toyota Motor by 5.6% in the 3rd quarter. apricus wealth LLC now owns 19,464 shares of the company's stock worth $3,564,000 after buying an additional 1,040 shares during the period. Finally, Signaturefd LLC raised its position in shares of Toyota Motor by 8.5% in the 3rd quarter. Signaturefd LLC now owns 21,251 shares of the company's stock worth $3,891,000 after buying an additional 1,670 shares during the period. Hedge funds and other institutional investors own 1.48% of the company's stock.

Toyota Motor Price Performance

Shares of NYSE:TM opened at $197.88 on Tuesday. The company has a 50-day simple moving average of $191.51 and a 200-day simple moving average of $199.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. The stock has a market capitalization of $257.91 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 1.30 and a beta of 0.61. Toyota Motor has a one year low of $166.10 and a one year high of $248.90.

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

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