Toyota Motor (NYSE:TM) Sees Large Volume Increase – Here’s Why

Toyota Motor Corporation (NYSE:TM) shares saw unusually-strong trading volume on Monday . Approximately 229,133 shares traded hands during trading, a decline of 26% from the previous session’s volume of 308,400 shares.The stock last traded at $215.01 and had previously closed at $217.20.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TM. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. BNP Paribas Exane assumed coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price on the stock. Zacks Research upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Erste Group Bank downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Toyota Motor presently has an average rating of “Buy” and an average target price of $290.00.

Toyota Motor Price Performance

The company has a market cap of $280.05 billion, a P/E ratio of 11.33 and a beta of 0.66. The company’s 50-day moving average price is $222.29 and its two-hundred day moving average price is $214.26. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Saturday, February 7th. The company reported $6.26 EPS for the quarter, topping the consensus estimate of $4.35 by $1.91. The business had revenue of $76.37 billion for the quarter, compared to analysts’ expectations of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. As a group, sell-side analysts expect that Toyota Motor Corporation will post 19.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TM. Root Financial Partners LLC bought a new stake in shares of Toyota Motor in the 3rd quarter valued at approximately $26,000. Highline Wealth Partners LLC lifted its stake in Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after purchasing an additional 73 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Toyota Motor by 37.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after purchasing an additional 48 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Toyota Motor by 302.1% in the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after purchasing an additional 142 shares during the period. Finally, Activest Wealth Management increased its stake in Toyota Motor by 10,000.0% during the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Company Profile

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.