Brokerages Set Toyota Motor Corporation (NYSE:TM) Price Target at $290.00

Toyota Motor Corporation (NYSE:TM) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $290.00.

A number of equities analysts recently weighed in on TM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Zacks Research lowered shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd.

Toyota Motor Stock Up 0.1%

Toyota Motor stock opened at $171.73 on Wednesday. The stock has a 50 day moving average of $185.88 and a two-hundred day moving average of $209.13. Toyota Motor has a twelve month low of $166.10 and a twelve month high of $248.90. The stock has a market capitalization of $223.82 billion, a price-to-earnings ratio of 8.77 and a beta of 0.57. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM) last announced its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share 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 expect that Toyota Motor will post 21.06 earnings per share for the current year.

Hedge Funds Weigh In On Toyota Motor

A number of hedge funds and other institutional investors have recently bought and sold shares of TM. Morgan Stanley grew its position in Toyota Motor by 13.0% in the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after buying an additional 279,110 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Toyota Motor by 3,027.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock worth $54,107,000 after purchasing an additional 244,684 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Toyota Motor by 204.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock worth $49,162,000 after purchasing an additional 172,829 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after purchasing an additional 128,128 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Toyota Motor by 116.3% during the 4th quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock worth $49,580,000 after purchasing an additional 124,520 shares in the last quarter. 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.