Toyota Motor (NYSE:TM) Trading 2.4% Higher

Toyota Motor Co. (NYSE:TM)’s stock price traded up 2.4% during trading on Wednesday . The stock traded as high as $190.23 and last traded at $190.20. 51,642 shares were traded during mid-day trading, a decline of 83% from the average session volume of 306,856 shares. The stock had previously closed at $185.75.

Analysts Set New Price Targets

Separately, Erste Group Bank reissued a “hold” rating on shares of Toyota Motor in a research report on Friday, June 14th.

Toyota Motor Stock Up 1.2 %

The company has a market capitalization of $253.40 billion, a PE ratio of 7.32, a P/E/G ratio of 0.41 and a beta of 0.68. The stock’s fifty day moving average is $191.98 and its two-hundred day moving average is $216.70. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60.

Toyota Motor (NYSE:TM) last released its earnings results on Thursday, August 1st. The company reported $6.35 earnings per share for the quarter, beating analysts’ consensus estimates of $4.01 by $2.34. Toyota Motor had a net margin of 10.70% and a return on equity of 14.28%. The firm had revenue of $75.94 billion for the quarter, compared to analysts’ expectations of $72.48 billion. During the same period in the previous year, the company earned $7.05 earnings per share. As a group, analysts predict that Toyota Motor Co. will post 17 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new position in Toyota Motor in the 1st quarter worth approximately $30,000. POM Investment Strategies LLC boosted its holdings in shares of Toyota Motor by 292.1% in the second quarter. POM Investment Strategies LLC now owns 149 shares of the company’s stock worth $31,000 after acquiring an additional 111 shares during the period. Northwest Financial Advisors purchased a new position in shares of Toyota Motor in the fourth quarter valued at $34,000. Mather Group LLC. raised its stake in shares of Toyota Motor by 113.9% during the 2nd quarter. Mather Group LLC. now owns 169 shares of the company’s stock valued at $35,000 after purchasing an additional 90 shares during the period. Finally, Richardson Financial Services Inc. purchased a new stake in Toyota Motor during the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 1.48% of the company’s stock.

About Toyota Motor

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.