Toyota Motor Co. (NYSE:TM - Get Free Report)'s share price gapped up prior to trading on Wednesday following a better than expected earnings announcement. The stock had previously closed at $187.56, but opened at $194.14. Toyota Motor shares last traded at $195.00, with a volume of 288,105 shares changing hands.
The company reported $9.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.36 by $5.62. Toyota Motor had a net margin of 10.86% and a return on equity of 14.00%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on TM. Macquarie upgraded Toyota Motor from a "neutral" rating to an "outperform" rating in a research report on Tuesday, February 4th. CLSA cut shares of Toyota Motor from an "outperform" rating to a "hold" rating in a research note on Wednesday. Finally, StockNews.com upgraded shares of Toyota Motor from a "sell" rating to a "hold" rating in a research note on Tuesday, January 7th.
Check Out Our Latest Report on TM
Institutional Trading of Toyota Motor
A number of hedge funds have recently modified their holdings of TM. Stratos Wealth Advisors LLC lifted its holdings in Toyota Motor by 3.8% in the third quarter. Stratos Wealth Advisors LLC now owns 1,759 shares of the company's stock valued at $314,000 after acquiring an additional 65 shares during the period. Abel Hall LLC lifted its stake in shares of Toyota Motor by 5.6% in the 3rd quarter. Abel Hall LLC now owns 1,274 shares of the company's stock valued at $227,000 after purchasing an additional 67 shares during the period. Avior Wealth Management LLC lifted its stake in shares of Toyota Motor by 4.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,662 shares of the company's stock valued at $324,000 after purchasing an additional 67 shares during the period. Commerce Bank boosted its holdings in Toyota Motor by 2.3% during the third quarter. Commerce Bank now owns 3,214 shares of the company's stock worth $574,000 after buying an additional 73 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC grew its position in Toyota Motor by 3.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,462 shares of the company's stock valued at $440,000 after buying an additional 78 shares during the period. Hedge funds and other institutional investors own 1.48% of the company's stock.
Toyota Motor Stock Down 3.4 %
The business's fifty day simple moving average is $184.45 and its two-hundred day simple moving average is $180.07. The company has a market cap of $247.90 billion, a PE ratio of 7.60, a PEG ratio of 0.37 and a beta of 0.63. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.21 and a quick ratio of 1.07.
Toyota Motor Company Profile
(
Get Free Report)
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.
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