Toyota Motor (NYSE:TM) Shares Gap Up - Still a Buy?

Toyota Motor Co. (NYSE:TM - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $186.11, but opened at $190.14. Toyota Motor shares last traded at $189.98, with a volume of 48,319 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on TM. Sanford C. Bernstein initiated coverage on Toyota Motor in a report on Monday, April 14th. They issued a "market perform" rating on the stock. CLSA lowered Toyota Motor from an "outperform" rating to a "hold" rating in a research report on Wednesday, February 5th. DZ Bank cut Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 9th. Finally, Macquarie upgraded shares of Toyota Motor from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Toyota Motor currently has a consensus rating of "Hold".

Toyota Motor Price Performance

The company has a market cap of $258.83 billion, a price-to-earnings ratio of 7.93, a P/E/G ratio of 0.35 and a beta of 0.66. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $181.12 and a 200 day moving average price of $182.73.

Toyota Motor (NYSE:TM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $3.39 EPS for the quarter, beating the consensus estimate of $2.92 by $0.47. The business had revenue of $81.09 billion during the quarter, compared to the consensus estimate of $78.47 billion. Toyota Motor had a return on equity of 14.00% and a net margin of 10.86%. As a group, research analysts expect that Toyota Motor Co. will post 19.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TM. GAMMA Investing LLC grew its holdings in shares of Toyota Motor by 22,846.4% during the first quarter. GAMMA Investing LLC now owns 491,283 shares of the company's stock valued at $86,726,000 after buying an additional 489,142 shares in the last quarter. Northern Trust Corp lifted its stake in Toyota Motor by 66.5% in the 4th quarter. Northern Trust Corp now owns 961,403 shares of the company's stock worth $187,099,000 after acquiring an additional 384,149 shares in the last quarter. Captrust Financial Advisors boosted its position in Toyota Motor by 166.3% during the 4th quarter. Captrust Financial Advisors now owns 374,864 shares of the company's stock worth $72,952,000 after acquiring an additional 234,078 shares during the period. Raymond James Financial Inc. acquired a new stake in Toyota Motor during the 4th quarter worth about $26,203,000. Finally, Fisher Asset Management LLC grew its stake in Toyota Motor by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 6,892,009 shares of the company's stock valued at $1,341,254,000 after acquiring an additional 129,560 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company's stock.

About Toyota Motor

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.