Toyota Motor Corp (TM) Receives $130.00 Consensus Target Price from Analysts

Shares of Toyota Motor Corp (NYSE:TM) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $130.00.

Several equities research analysts recently issued reports on TM shares. Bank of America raised shares of Toyota Motor from a “neutral” rating to a “buy” rating in a research note on Monday, October 22nd. Zacks Investment Research lowered shares of Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th. Finally, ValuEngine lowered shares of Toyota Motor from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. MML Investors Services LLC increased its holdings in shares of Toyota Motor by 23.1% during the 3rd quarter. MML Investors Services LLC now owns 6,108 shares of the company’s stock worth $760,000 after purchasing an additional 1,145 shares during the period. Rhumbline Advisers bought a new position in shares of Toyota Motor during the 3rd quarter worth about $348,000. ARK Investment Management LLC increased its holdings in shares of Toyota Motor by 28.7% during the 3rd quarter. ARK Investment Management LLC now owns 16,816 shares of the company’s stock worth $2,091,000 after purchasing an additional 3,750 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Toyota Motor by 510.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,702 shares of the company’s stock worth $1,206,000 after purchasing an additional 8,113 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Toyota Motor during the 3rd quarter worth about $214,000. Hedge funds and other institutional investors own 0.73% of the company’s stock.

Shares of TM stock traded down $1.92 on Monday, hitting $117.39. The company’s stock had a trading volume of 2,850 shares, compared to its average volume of 299,544. The company has a current ratio of 1.01, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. Toyota Motor has a fifty-two week low of $114.14 and a fifty-two week high of $140.99. The firm has a market cap of $172.74 billion, a PE ratio of 7.93, a PEG ratio of 1.38 and a beta of 0.72.

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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