Toyota Motor Corp (NYSE:TM) Receives $129.00 Average Target Price from Analysts

Shares of Toyota Motor Corp (NYSE:TM) have been assigned a consensus rating of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $129.00.

TM has been the subject of a number of research reports. ValuEngine raised shares of Toyota Motor from a “sell” rating to a “hold” rating in a report on Monday, July 13th. Macquarie began coverage on shares of Toyota Motor in a report on Tuesday, July 28th. They issued an “underperform” rating for the company.

Large investors have recently modified their holdings of the business. CFM Wealth Partners LLC acquired a new stake in shares of Toyota Motor in the 1st quarter worth $29,000. Engrave Wealth Partners LLC purchased a new position in Toyota Motor during the fourth quarter worth about $35,000. TFG Advisers LLC purchased a new stake in shares of Toyota Motor in the 4th quarter valued at approximately $38,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Toyota Motor during the 4th quarter valued at approximately $56,000. Finally, Banco de Sabadell S.A purchased a new position in Toyota Motor in the first quarter worth approximately $55,000. Institutional investors own 0.89% of the company’s stock.

TM stock opened at $119.34 on Tuesday. Toyota Motor has a 12-month low of $108.01 and a 12-month high of $145.41. The business’s 50-day moving average is $126.42 and its 200 day moving average is $127.77. The company has a current ratio of 1.04, a quick ratio of 0.91 and a debt-to-equity ratio of 0.52. The stock has a market cap of $168.53 billion, a price-to-earnings ratio of 8.89, a PEG ratio of 5.22 and a beta of 0.65.

Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, May 12th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.46. Toyota Motor had a return on equity of 10.06% and a net margin of 6.94%. The business had revenue of $65.19 billion for the quarter, compared to the consensus estimate of $63.26 billion. As a group, equities analysts forecast that Toyota Motor will post 7.17 EPS for the current fiscal 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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