Toyota Motor (NYSE:TM) Shares Gap Up - What's Next?

Toyota Motor Corporation (NYSE:TM - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $169.99, but opened at $191.06. Toyota Motor shares last traded at $192.28, with a volume of 472,603 shares traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein assumed coverage on shares of Toyota Motor in a research report on Monday, April 14th. They issued a "market perform" rating on the stock. DZ Bank downgraded shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold".

Toyota Motor Trading Down 1.7%

The company has a market cap of $253.79 billion, a P/E ratio of 8.33 and a beta of 0.61. The stock's 50 day moving average is $178.25 and its 200-day moving average is $181.60. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $3.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.92 by $0.47. The company had revenue of $81.09 billion for the quarter, compared to analysts' expectations of $78.47 billion. Toyota Motor had a net margin of 9.89% and a return on equity of 13.01%. Research analysts anticipate that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toyota Motor

Several hedge funds and other institutional investors have recently made changes to their positions in TM. GAMMA Investing LLC increased its holdings in Toyota Motor by 22,846.4% in the 1st quarter. GAMMA Investing LLC now owns 491,283 shares of the company's stock worth $86,726,000 after acquiring an additional 489,142 shares in the last quarter. Northern Trust Corp increased its holdings 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 increased its holdings in Toyota Motor by 166.3% in 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in Toyota Motor in the 4th quarter worth approximately $26,203,000. Finally, Clark Capital Management Group Inc. grew its holdings in Toyota Motor by 61.9% during the 1st quarter. Clark Capital Management Group Inc. now owns 224,583 shares of the company's stock valued at $39,646,000 after buying an additional 85,835 shares in the last quarter. Hedge funds and other 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.