Toyota Motor (NYSE:TM) Shares Gap Up – Here’s What Happened

by · The Cerbat Gem

Toyota Motor Co. (NYSE:TM – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $188.21, but opened at $193.90. Toyota Motor shares last traded at $194.07, with a volume of 58,148 shares.

Analyst Upgrades and Downgrades

TM has been the subject of a number of recent analyst reports. Macquarie upgraded shares of Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday, February 4th. CLSA lowered Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 5th. Sanford C. Bernstein assumed coverage on shares of Toyota Motor in a research note on Monday, April 14th. They issued a “market perform” rating for the company. Finally, StockNews.com upgraded shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Toyota Motor has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on TM

Toyota Motor Trading Up 2.5 %

The company has a market capitalization of $259.92 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.35 and a beta of 0.64. The stock has a 50 day moving average of $179.96 and a 200-day moving average of $180.00. The company has a current ratio of 1.21, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64.

Toyota Motor (NYSE:TM – Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. 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 return on equity of 14.00% and a net margin of 10.86%. On average, research analysts predict that Toyota Motor Co. will post 19.76 EPS for the current year.

Hedge Funds Weigh In On Toyota Motor

Several institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its stake in Toyota Motor by 0.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,409 shares of the company’s stock valued at $2,014,000 after buying an additional 56 shares in the last quarter. Avior Wealth Management LLC raised its stake in 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 last quarter. Bleakley Financial Group LLC grew its holdings in shares of Toyota Motor by 3.3% during the fourth quarter. Bleakley Financial Group LLC now owns 2,441 shares of the company’s stock worth $475,000 after buying an additional 79 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Toyota Motor by 0.8% during the 4th quarter. Quadrant Capital Group LLC now owns 9,517 shares of the company’s stock worth $1,852,000 after purchasing an additional 80 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Toyota Motor by 113.3% during the 4th quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock worth $31,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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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