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Toyota Motor Corp (NYSE:TM) Given Consensus Recommendation of "Hold" by Analysts

Wednesday, September 16, 2020 | MarketBeat

Toyota Motor Corp (NYSE:TM) has been assigned an average recommendation of "Hold" from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $142.00.

TM has been the topic of several research analyst reports. Credit Suisse Group raised Toyota Motor from a "neutral" rating to an "outperform" rating in a research note on Monday. Zacks Investment Research raised Toyota Motor from a "sell" rating to a "hold" rating and set a $142.00 price target on the stock in a research report on Tuesday, August 18th. ValuEngine raised Toyota Motor from a "sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Macquarie initiated coverage on Toyota Motor in a research report on Tuesday, July 28th. They set an "underperform" rating on the stock.

Toyota Motor stock opened at $134.03 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58. The stock has a market cap of $189.27 billion, a PE ratio of 13.18, a P/E/G ratio of 4.78 and a beta of 0.61. The stock has a 50-day moving average price of $130.88 and a 200 day moving average price of $125.69. Toyota Motor has a 52 week low of $108.01 and a 52 week high of $145.41.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of ($1.78) by $2.84. The company had revenue of $42.78 billion during the quarter, compared to analysts' expectations of $36.52 billion. Toyota Motor had a return on equity of 7.41% and a net margin of 5.78%. On average, equities analysts predict that Toyota Motor will post 8.17 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC lifted its holdings in shares of Toyota Motor by 222,994.5% in the second quarter. Fisher Asset Management LLC now owns 3,841,687 shares of the company's stock valued at $482,631,000 after buying an additional 3,839,965 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Toyota Motor by 7.6% during the first quarter. Parametric Portfolio Associates LLC now owns 1,090,421 shares of the company's stock valued at $130,796,000 after purchasing an additional 76,968 shares during the last quarter. First Trust Advisors LP raised its position in Toyota Motor by 19.3% during the second quarter. First Trust Advisors LP now owns 360,757 shares of the company's stock valued at $45,322,000 after buying an additional 58,241 shares during the period. H&H International Investment LLC raised its position in Toyota Motor by 138.1% during the second quarter. H&H International Investment LLC now owns 267,618 shares of the company's stock valued at $33,621,000 after buying an additional 155,218 shares during the period. Finally, Fiera Capital Corp raised its position in Toyota Motor by 39.5% during the first quarter. Fiera Capital Corp now owns 189,530 shares of the company's stock valued at $22,734,000 after buying an additional 53,673 shares during the period. Institutional investors and hedge funds own 1.16% of the company's stock.

Toyota Motor Company Profile

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

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