Toyota Motor Corp (NYSE:TM) – Analysts at Jefferies Financial Group reduced their FY2021 EPS estimates for shares of Toyota Motor in a research note issued to investors on Wednesday, December 5th. Jefferies Financial Group analyst T. Nakanishi now expects that the company will earn $15.48 per share for the year, down from their previous forecast of $15.68. Jefferies Financial Group has a “Buy” rating on the stock.
Toyota Motor (NYSE:TM) last posted its earnings results on Tuesday, November 6th. The company reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.17 by $0.42. Toyota Motor had a net margin of 8.89% and a return on equity of 13.51%. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $66.83 billion.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Wednesday, November 28th. JPMorgan Chase & Co. upgraded shares of Toyota Motor from a “neutral” rating to an “overweight” rating in a research report on Monday, November 19th. Bank of America upgraded shares of Toyota Motor from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. Finally, ValuEngine cut shares of Toyota Motor from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $133.00.
NYSE:TM opened at $121.83 on Thursday. Toyota Motor has a 1 year low of $114.14 and a 1 year high of $140.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.03 and a quick ratio of 0.89. The company has a market capitalization of $177.59 billion, a PE ratio of 8.10, a PEG ratio of 1.37 and a beta of 0.75.
Hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. raised its position in Toyota Motor by 9.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 175,662 shares of the company’s stock worth $21,844,000 after purchasing an additional 15,158 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Toyota Motor by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 134,271 shares of the company’s stock worth $17,295,000 after acquiring an additional 1,574 shares during the period. Morgan Stanley grew its holdings in Toyota Motor by 5.3% during the 2nd quarter. Morgan Stanley now owns 428,104 shares of the company’s stock worth $55,144,000 after acquiring an additional 21,662 shares during the period. Accuvest Global Advisors acquired a new stake in Toyota Motor during the 3rd quarter worth $525,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Toyota Motor during the 2nd quarter worth $309,000. Hedge funds and other institutional investors own 0.70% of the company’s stock.
Toyota Motor Company Profile
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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