Toyota Motor Corporation (NYSE:TM) Stock Rated “Buy” by Sell-Side Analysts

Toyota Motor Corporation (NYSE:TM) has been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $290.00.

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

Insiders Place Their Bets

In related news, President Kenta Kon bought 85,000 shares of Toyota Motor stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the acquisition, the president owned 148,100 shares in the company, valued at $2,726,521. This trade represents a 134.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Toyota Motor

A number of institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its position in Toyota Motor by 19.0% in the first quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock valued at $48,888,000 after acquiring an additional 37,893 shares during the period. First Trust Advisors LP grew its holdings in shares of Toyota Motor by 1.3% in the 1st quarter. First Trust Advisors LP now owns 177,609 shares of the company’s stock worth $36,603,000 after purchasing an additional 2,304 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Toyota Motor by 28.7% in the 1st quarter. Quantinno Capital Management LP now owns 157,114 shares of the company’s stock worth $32,380,000 after purchasing an additional 35,025 shares during the last quarter. QRG Capital Management Inc. grew its holdings in shares of Toyota Motor by 1.0% in the 2nd quarter. QRG Capital Management Inc. now owns 77,642 shares of the company’s stock worth $13,077,000 after purchasing an additional 798 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Toyota Motor by 2.9% during the 1st quarter. Cetera Investment Advisers now owns 71,628 shares of the company’s stock worth $14,762,000 after purchasing an additional 2,042 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Price Performance

TM opened at $195.79 on Tuesday. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90. The stock has a fifty day moving average price of $192.14 and a 200 day moving average price of $199.18. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $255.18 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.24 and a beta of 0.61.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. The business had revenue of $83.16 billion during the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. Analysts forecast that Toyota Motor will post 21.17 EPS for the current fiscal year.

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.