Toyota Motor Corporation (NYSE:TM) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Toyota Motor Corporation (NYSE:TM) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $290.00.

Several research firms recently issued reports on TM. Weiss Ratings downgraded shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Morgan Stanley assumed coverage on Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock. Finally, Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th.

Insider Buying and Selling at Toyota Motor

In other news, President Kenta Kon acquired 85,000 shares of Toyota Motor stock in a transaction on Wednesday, August 5th. The stock was bought at an average price of $18.41 per share, for a total transaction of $1,564,850.00. Following the transaction, the president owned 148,100 shares of the company’s stock, valued at $2,726,521. The trade was a 134.71% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Toyota Motor

Several large investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group increased its holdings in shares of Toyota Motor by 3.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock worth $314,000 after buying an additional 45 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Toyota Motor by 37.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after acquiring an additional 48 shares during the last quarter. Physicians Financial Services Inc. boosted its holdings in shares of Toyota Motor by 1.1% in the 1st quarter. Physicians Financial Services Inc. now owns 4,747 shares of the company’s stock worth $978,000 after acquiring an additional 50 shares in the last quarter. Rexford Capital Inc. grew its position in Toyota Motor by 1.7% during the 4th quarter. Rexford Capital Inc. now owns 2,911 shares of the company’s stock worth $623,000 after acquiring an additional 50 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in Toyota Motor by 3.0% during the 2nd quarter. Wedbush Securities Inc. now owns 1,878 shares of the company’s stock worth $316,000 after acquiring an additional 54 shares during the last quarter. 1.48% of the stock is currently owned by institutional investors.

Toyota Motor Trading Up 0.5%

Shares of NYSE:TM opened at $189.15 on Thursday. 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 capitalization of $246.53 billion, a PE ratio of 8.34, a P/E/G ratio of 1.24 and a beta of 0.56. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90. The firm has a fifty day moving average price of $179.82 and a 200 day moving average price of $199.37.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. The company 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 expect that Toyota Motor will post 20.28 EPS for the current fiscal year.

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.