Toyota Motor (NYSE:TM) Reaches New 12-Month High – Time to Buy?
by Amy Steele · The Cerbat GemShares of Toyota Motor Corporation (NYSE:TM – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $242.76 and last traded at $241.83, with a volume of 59199 shares changing hands. The stock had previously closed at $231.42.
Analyst Ratings Changes
Several research analysts recently weighed in on the stock. Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. Wall Street Zen downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. Finally, Zacks Research lowered Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.
Toyota Motor Stock Up 4.6%
The stock’s 50-day moving average price is $215.68 and its two-hundred day moving average price is $202.94. The company has a current ratio of 1.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $326.19 billion, a P/E ratio of 10.68 and a beta of 0.62.
Toyota Motor (NYSE:TM – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $4.85 EPS for the quarter, beating the consensus estimate of $3.36 by $1.49. Toyota Motor had a return on equity of 12.32% and a net margin of 9.33%.The business had revenue of $81.22 billion for the quarter, compared to the consensus estimate of $79.06 billion. As a group, research analysts expect that Toyota Motor Corporation will post 19.76 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Toyota Motor during the third quarter valued at about $26,000. Highline Wealth Partners LLC raised its position in shares of Toyota Motor by 92.4% in the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after purchasing an additional 73 shares during the period. Cornerstone Planning Group LLC lifted its stake in shares of Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after buying an additional 48 shares in the last quarter. Activest Wealth Management boosted its holdings in Toyota Motor by 10,000.0% in the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after buying an additional 200 shares during the period. Finally, NewSquare Capital LLC grew its stake in Toyota Motor by 65.7% in the 2nd quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock valued at $39,000 after buying an additional 90 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.
Toyota Motor Company Profile
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.