Toyota Motor (NYSE:TM) Hits New 52-Week Low – What’s Next?

Shares of Toyota Motor Corporation (NYSE:TM) reached a new 52-week low during trading on Tuesday . The company traded as low as $166.72 and last traded at $167.3250, with a volume of 69194 shares traded. The stock had previously closed at $169.73.

Analysts Set New Price Targets

TM has been the subject of several recent analyst reports. Morgan Stanley started coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating for the company. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Erste Group Bank lowered Toyota Motor from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Stock Up 0.2%

The stock has a market capitalization of $218.49 billion, a P/E ratio of 8.56 and a beta of 0.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. The stock’s fifty day moving average is $187.61 and its two-hundred day moving average is $209.51.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%.The company had revenue of $76.81 billion for the quarter. As a group, research analysts predict that Toyota Motor Corporation will post 21.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

Hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in shares of Toyota Motor by 21.8% during the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after purchasing an additional 476 shares during the last quarter. AQR Capital Management LLC increased its stake in Toyota Motor by 57.9% in the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock worth $2,032,000 after purchasing an additional 4,223 shares in the last quarter. Baird Financial Group Inc. increased its stake in Toyota Motor by 123.4% in the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock worth $490,000 after purchasing an additional 1,571 shares in the last quarter. Marshall Wace LLP acquired a new stake in Toyota Motor during the 2nd quarter worth about $864,000. Finally, Brown Advisory Inc. raised its holdings in Toyota Motor by 17.7% during the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock worth $263,000 after buying an additional 230 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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.