Toyota Motor Corporation (NYSE:TM) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Moderate Buy consensus from six analysts (three holds, two buys, one strong buy) with an average 12‑month price target of $290.
• Toyota beat EPS expectations last quarter, reporting $6.26 vs. a $4.35 consensus, but revenue of $76.37B missed estimates of $82B; analysts forecast roughly $19.76 EPS for the fiscal year.
• The stock recently opened at $210.93, has a market capitalization of about $274.9B and a P/E of 11.12, trading in a 12‑month range of $163.71–$248.90.

Toyota Motor Corporation (NYSE:TM - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $290.00.

Several research firms have recently commented on TM. Erste Group Bank cut Toyota Motor from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Zacks Research upgraded Toyota Motor from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Toyota Motor in a research report on Wednesday, January 21st. BNP Paribas Exane assumed coverage on Toyota Motor in a research report on Thursday, February 12th. They set an "outperform" rating and a $290.00 target price on the stock. Finally, DZ Bank upgraded Toyota Motor from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, March 2nd.

Institutional Trading of Toyota Motor

Institutional investors have recently bought and sold shares of the company. Grey Ledge Advisors LLC purchased a new stake in Toyota Motor during the third quarter worth $1,556,000. Federated Hermes Inc. raised its holdings in shares of Toyota Motor by 22,450.6% in the third quarter. Federated Hermes Inc. now owns 19,168 shares of the company's stock worth $3,663,000 after acquiring an additional 19,083 shares during the last quarter. Cullen Capital Management LLC raised its holdings in shares of Toyota Motor by 25.2% in the third quarter. Cullen Capital Management LLC now owns 197,114 shares of the company's stock worth $37,667,000 after acquiring an additional 39,620 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Toyota Motor in the third quarter worth $1,323,000. Finally, American Century Companies Inc. raised its holdings in shares of Toyota Motor by 18.3% in the third quarter. American Century Companies Inc. now owns 332,180 shares of the company's stock worth $63,476,000 after acquiring an additional 51,284 shares during the last quarter. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Stock Down 1.9%

TM opened at $210.93 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The business has a 50 day simple moving average of $225.02 and a 200-day simple moving average of $213.35. The stock has a market capitalization of $274.91 billion, a P/E ratio of 11.12 and a beta of 0.66. Toyota Motor has a 12 month low of $163.71 and a 12 month high of $248.90.

Toyota Motor (NYSE:TM - Get Free Report) last posted its quarterly earnings results on Saturday, February 7th. The company reported $6.26 EPS for the quarter, beating the consensus estimate of $4.35 by $1.91. The business had revenue of $76.37 billion during the quarter, compared to analysts' expectations of $82 billion. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%. On average, equities analysts anticipate that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

About Toyota Motor

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.

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