Toyota Motor Corp (TM) Receives Consensus Recommendation of “Hold” from Analysts

Toyota Motor Corp (NYSE:TM) has earned an average rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $130.00.

A number of research analysts have issued reports on TM shares. Goldman Sachs Group raised shares of Toyota Motor from a “neutral” rating to a “buy” rating in a report on Friday, June 1st. Zacks Investment Research raised shares of Toyota Motor from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a report on Thursday, May 31st. ValuEngine cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a report on Saturday, May 26th. Finally, Daiwa Capital Markets raised shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Friday, June 1st.

Institutional investors have recently modified their holdings of the stock. IHT Wealth Management LLC raised its holdings in shares of Toyota Motor by 110.6% during the first quarter. IHT Wealth Management LLC now owns 857 shares of the company’s stock worth $108,000 after purchasing an additional 450 shares during the last quarter. Kiley Juergens Wealth Management LLC purchased a new position in shares of Toyota Motor during the second quarter worth $125,000. Cornerstone Wealth Management LLC purchased a new position in shares of Toyota Motor during the second quarter worth $128,000. Rainier Group Investment Advisory LLC purchased a new position in shares of Toyota Motor during the first quarter worth $130,000. Finally, Quantbot Technologies LP purchased a new position in shares of Toyota Motor during the first quarter worth $135,000. 0.75% of the stock is owned by hedge funds and other institutional investors.

NYSE TM opened at $122.28 on Friday. The firm has a market capitalization of $176.17 billion, a price-to-earnings ratio of 8.13, a P/E/G ratio of 1.39 and a beta of 0.72. Toyota Motor has a 12-month low of $117.12 and a 12-month high of $140.99. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 0.87.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Friday, August 3rd. The company reported $4.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.73 by $0.35. The business had revenue of $67.52 billion during the quarter, compared to analysts’ expectations of $65.87 billion. Toyota Motor had a net margin of 8.52% and a return on equity of 13.25%. equities analysts anticipate that Toyota Motor will post 14.34 earnings per share for the current year.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

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Analyst Recommendations for Toyota Motor (NYSE:TM)

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