Toyota Motor Corporation (NYSE:TM) Stock Has Consensus Price Target of $290.00 According to Brokerages

Toyota Motor Corporation (NYSE:TM) has been given an average recommendation of “Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $290.00.

A number of analysts have issued reports on TM shares. Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Friday, September 18th. Weiss Ratings downgraded shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Finally, Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th.

Insider Buying and Selling

In other news, President Kenta Kon purchased 85,000 shares of the company’s stock in a transaction that occurred 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 purchase, the president owned 148,100 shares in the company, valued at approximately $2,726,521. This represents a 134.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Institutional Trading of Toyota Motor

A number of large investors have recently added to or reduced their stakes in the company. Compass Financial Management LLC bought a new position in shares of Toyota Motor during the 2nd quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC increased its position in Toyota Motor by 418.5% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Toyota Motor in the first quarter worth $33,000. Miller Global Investments LLC purchased a new stake in Toyota Motor during the third quarter valued at $34,000. Finally, Trust Co. of Vermont purchased a new stake in Toyota Motor during the second quarter valued at $33,000. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Trading Down 0.0%

Shares of TM opened at $181.44 on Friday. The firm has a market cap of $236.47 billion, a P/E ratio of 8.00, a price-to-earnings-growth ratio of 1.19 and a beta of 0.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.17 and a quick ratio of 1.00. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90. The company has a 50 day simple moving average of $191.14 and a two-hundred day simple moving average of $189.95.

Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, June 30th. The company reported $7.42 EPS 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. On average, equities analysts expect that Toyota Motor will post 20.36 earnings per share for the current fiscal year.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japan-based automotive company that develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products. Its principal brands include Toyota and Lexus, while the broader Toyota group also has ties to Daihatsu and Hino. The company offers a range of vehicles powered by internal-combustion engines, hybrids, plug-in hybrids, battery-electric systems and fuel cells.

Founded in 1937 by Kiichiro Toyoda, Toyota has grown into one of the world’s largest vehicle manufacturers.