Toyota Motor (NYSE:TM) Shares Gap Up - Here's What Happened

Toyota Motor Co. (NYSE:TM - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $188.21, but opened at $193.90. Toyota Motor shares last traded at $194.07, with a volume of 58,148 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Macquarie upgraded Toyota Motor from a "neutral" rating to an "outperform" rating in a report on Tuesday, February 4th. Sanford C. Bernstein assumed coverage on Toyota Motor in a research report on Monday, April 14th. They issued a "market perform" rating for the company. StockNews.com upgraded shares of Toyota Motor from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th. Finally, CLSA downgraded shares of Toyota Motor from an "outperform" rating to a "hold" rating in a research report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Toyota Motor Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.06. The firm has a fifty day simple moving average of $179.96 and a two-hundred day simple moving average of $180.00. The firm has a market capitalization of $259.92 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.35 and a beta of 0.64.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $9.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.36 by $5.62. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. On average, equities research analysts anticipate that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Toyota Motor by 168.8% during the 3rd quarter. Barclays PLC now owns 4,155 shares of the company's stock valued at $742,000 after purchasing an additional 2,609 shares in the last quarter. Invst LLC lifted its stake in shares of Toyota Motor by 4.9% in the 3rd quarter. Invst LLC now owns 8,005 shares of the company's stock valued at $1,429,000 after purchasing an additional 374 shares during the period. Virtu Financial LLC raised its holdings in Toyota Motor by 83.2% in the third quarter. Virtu Financial LLC now owns 4,523 shares of the company's stock worth $808,000 after purchasing an additional 2,054 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Toyota Motor in the 3rd quarter worth about $14,911,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Toyota Motor during the third quarter valued at approximately $207,000. Institutional investors own 1.48% 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 in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.

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