Toyota Motor (NYSE:TM) Shares Gap Up - Time to Buy?

Shares of Toyota Motor Corporation (NYSE:TM - Get Free Report) 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.

Wall Street Analysts Forecast Growth

TM has been the subject of several recent research reports. Sanford C. Bernstein started coverage on shares of Toyota Motor in a research report on Monday, April 14th. They set a "market perform" rating for the company. DZ Bank downgraded shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Toyota Motor Price Performance

The stock's 50 day moving average is $178.15 and its two-hundred day moving average is $181.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.26 and a quick ratio of 1.10. The stock has a market capitalization of $252.62 billion, a PE ratio of 8.29 and a beta of 0.61.

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 for the quarter, beating analysts' consensus estimates of $2.92 by $0.47. Toyota Motor had a return on equity of 13.01% and a net margin of 9.89%. The business had revenue of $81.09 billion during the quarter, compared to analysts' expectations of $78.47 billion. As a group, sell-side analysts forecast that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in shares of Toyota Motor by 143.9% during the 1st quarter. Private Trust Co. NA now owns 139 shares of the company's stock worth $25,000 after acquiring an additional 82 shares in the last quarter. Wood Tarver Financial Group LLC bought a new position in Toyota Motor in the 4th quarter valued at $29,000. Parvin Asset Management LLC bought a new position in shares of Toyota Motor in the 4th quarter worth $32,000. AlphaCore Capital LLC bought a new position in shares of Toyota Motor in the 1st quarter worth $37,000. Finally, Wayfinding Financial LLC acquired a new position in Toyota Motor in the first quarter valued at about $41,000. 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.