Toyota Motor Corporation (NYSE:TM) Stock Now Rated "Buy" by Wall Street Analysts

Key Points

• Wall Street’s consensus rating is “Buy”: Among seven analysts, three rate Toyota Motor a hold, one a buy, and three a strong buy. The average 12-month price target is $290.
• Toyota shares opened at $183.13, below their 50- and 200-day moving averages, while the company has a market capitalization of $238.68 billion and a relatively low P/E ratio of 8.07.
• Toyota reported quarterly revenue of $83.16 billion and earnings per share of $7.42, with an 8.61% net margin and 11.21% return on equity. Several institutional investors increased their holdings, though institutions and hedge funds collectively own only 1.48% of the stock.

Toyota Motor Corporation (NYSE:TM - Get Free Report) has received an average recommendation of "Buy" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $290.00.

A number of equities research analysts recently weighed in on TM shares. Weiss Ratings lowered Toyota Motor from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, July 31st. Zacks Research upgraded Toyota Motor from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 4th. Finally, Erste Group Bank raised Toyota Motor from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 18th.

Toyota Motor Stock Performance

Shares of Toyota Motor stock opened at $183.13 on Friday. The company's 50 day moving average price is $191.06 and its two-hundred day moving average price is $190.18. The firm has a market capitalization of $238.68 billion, a P/E ratio of 8.07, a P/E/G ratio of 1.20 and a beta of 0.61. Toyota Motor has a fifty-two week low of $166.10 and a fifty-two week 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.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly 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 company had revenue of $83.16 billion during the quarter. On average, equities analysts forecast that Toyota Motor will post 20.36 earnings per share for the current fiscal year.

Insider Transactions at Toyota Motor

In other Toyota Motor news, President Kenta Kon acquired 85,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was acquired 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 in the company, valued at $2,726,521. This represents a 134.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Toyota Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in TM. Clark Capital Management Group Inc. lifted its holdings in shares of Toyota Motor by 28.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 424,296 shares of the company's stock worth $90,825,000 after purchasing an additional 93,863 shares during the period. Royal Bank of Canada raised its position in Toyota Motor by 19.0% during the 1st quarter. Royal Bank of Canada now owns 237,220 shares of the company's stock worth $48,888,000 after purchasing an additional 37,893 shares during the last quarter. Cullen Capital Management LLC raised its position in Toyota Motor by 19.9% during the 4th quarter. Cullen Capital Management LLC now owns 236,355 shares of the company's stock worth $50,594,000 after purchasing an additional 39,241 shares during the last quarter. First Trust Advisors LP lifted its holdings in Toyota Motor by 1.3% during the 1st quarter. First Trust Advisors LP now owns 177,609 shares of the company's stock worth $36,603,000 after buying an additional 2,304 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in Toyota Motor by 28.7% during the 1st quarter. Quantinno Capital Management LP now owns 157,114 shares of the company's stock worth $32,380,000 after buying an additional 35,025 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japan-based automotive company that develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products. Its principal brands include Toyota and Lexus, while the broader Toyota group also has ties to Daihatsu and Hino. The company offers a range of vehicles powered by internal-combustion engines, hybrids, plug-in hybrids, battery-electric systems and fuel cells.

Founded in 1937 by Kiichiro Toyoda, Toyota has grown into one of the world's largest vehicle manufacturers.

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.