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

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

TM has been the subject of a number of recent analyst reports. Zacks Research downgraded Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Morgan Stanley started coverage on Toyota Motor in a research note 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 research report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Finally, Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd.

Toyota Motor Stock Down 1.8%

Shares of NYSE:TM opened at $168.36 on Wednesday. The company has a market capitalization of $219.43 billion, a PE ratio of 8.60 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 business has a fifty day moving average price of $184.07 and a two-hundred day moving average price of $208.73. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. The firm had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Analysts forecast that Toyota Motor will post 21.06 earnings per share for the current year.

More Toyota Motor News

Here are the key news stories impacting Toyota Motor this week:

• Positive Sentiment: Analysts at Seeking Alpha upgraded Toyota to Buy, citing the company’s prolonged share-price weakness, improving fundamentals, and strong positioning in hybrids as EV adoption remains sluggish. Toyota’s Sustained Slide Results In An Upgrade To Buy
• Positive Sentiment: Toyota and Joby Aviation launched the initial phase of a strategic manufacturing alliance and joint venture to advance eVTOL air taxi production, highlighting Toyota’s role in next-generation mobility manufacturing. Joby Aviation and Toyota Motor Corporation Launch Initial Phase of a Strategic Manufacturing Alliance to Realize Air Mobility for All
• Neutral Sentiment: Additional coverage around the Joby partnership may support sentiment, but it is still early-stage and not yet a meaningful earnings driver. Joby Aviation, Toyota partner to accelerate air taxi manufacturing
• Negative Sentiment: Toyota reported that global sales dropped 7.4%, with weakness in China and the Middle East continuing to pressure results. Toyota Sales Drop 7.4% as China, Middle East Pressure Builds
• Negative Sentiment: Reuters and other outlets reported Toyota’s sales fell for a fourth month, with declines in China, the U.S., and the Middle East weighing on investor sentiment. Toyota sales fall for fourth month in May as declines in China, US and Middle East weigh

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TM. Morgan Stanley lifted its position in shares of Toyota Motor by 13.0% during 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. lifted 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 valued at $54,107,000 after buying an additional 244,684 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted 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 valued at $49,162,000 after buying an additional 172,829 shares during the last quarter. Orion Porfolio Solutions LLC lifted 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 valued at $25,148,000 after buying an additional 128,128 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted 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 valued at $49,580,000 after buying an additional 124,520 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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.