Toyota Motor Corporation (NYSE:TM) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Toyota Motor Corporation (NYSE:TM) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $290.00.

A number of analysts have weighed in on TM shares. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings downgraded shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st.

Toyota Motor Stock Up 0.1%

TM stock opened at $197.33 on Monday. The business has a 50-day simple moving average of $185.30 and a 200 day simple moving average of $195.64. The company has a market cap of $257.19 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 1.31 and a beta of 0.57. Toyota Motor has a 52 week low of $166.10 and a 52 week high of $248.90. 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 (NYSE:TM) last posted its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. The firm had revenue of $83.16 billion for the quarter. Sell-side analysts anticipate that Toyota Motor will post 20.08 EPS for the current fiscal year.

Insider Transactions at Toyota Motor

In other news, President Kenta Kon acquired 85,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were purchased at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the acquisition, the president directly owned 148,100 shares of the company’s stock, valued at $2,726,521. The trade was a 134.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TM. Compass Financial Management LLC purchased a new stake in Toyota Motor in the 2nd quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Toyota Motor by 418.5% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after buying an additional 113 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Toyota Motor in the first quarter valued at approximately $33,000. Trust Co. of Vermont bought a new position in shares of Toyota Motor in the second quarter valued at approximately $33,000. Finally, Continuum Advisory LLC bought a new position in shares of Toyota Motor in the second quarter valued at approximately $36,000. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

About Toyota Motor

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.