Toyota Motor Corporation (NYSE:TM) Stock Rated “Buy” by Wall Street Brokerages

Shares of Toyota Motor Corporation (NYSE:TM) have been given an average recommendation of “Buy” by the seven brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating, one has given a buy rating and four have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $290.00.

TM has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Finally, Zacks Research upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 29th.

Toyota Motor Trading Down 0.1%

TM opened at $195.54 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. Toyota Motor has a 52 week low of $166.10 and a 52 week high of $248.90. The business’s 50 day moving average is $192.10 and its two-hundred day moving average is $199.01. The firm has a market cap of $254.85 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 1.28 and a beta of 0.61.

Toyota Motor (NYSE:TM) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. The company had revenue of $83.16 billion for the quarter. On average, research analysts predict that Toyota Motor will post 21.17 EPS for the current year.

Insider Transactions at Toyota Motor

In related news, President Kenta Kon bought 85,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was bought at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the completion of the acquisition, the president owned 148,100 shares in the company, valued at approximately $2,726,521. This represents a 134.71% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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. Compass Financial Management LLC acquired a new stake in shares of Toyota Motor during the second quarter valued at about $25,000. West Financial Advisors LLC acquired a new stake in shares of Toyota Motor in the 3rd quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Toyota Motor by 418.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock valued at $29,000 after acquiring an additional 113 shares during the period. Physician Wealth Advisors Inc. raised its stake in shares of Toyota Motor by 111.0% during the third quarter. Physician Wealth Advisors Inc. now owns 154 shares of the company’s stock valued at $28,000 after purchasing an additional 81 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Toyota Motor during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.