Toyota Motor (NYSE:TM) Shares Gap Up – Time to Buy?

Toyota Motor Co. (NYSE:TM)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $180.66, but opened at $190.45. Toyota Motor shares last traded at $190.55, with a volume of 81,650 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TM shares. StockNews.com upgraded shares of Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. CLSA downgraded Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 4th.

Toyota Motor Stock Performance

The company has a market capitalization of $252.56 billion, a P/E ratio of 7.74, a price-to-earnings-growth ratio of 0.35 and a beta of 0.63. The company’s 50 day moving average is $186.42 and its 200-day moving average is $180.44. 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) last announced its earnings results on Wednesday, February 5th. The company reported $9.98 earnings per share for the quarter, beating 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%. Equities analysts anticipate that Toyota Motor Co. will post 19.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Toyota Motor

Hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its position in shares of Toyota Motor by 7.3% in the 3rd quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock worth $55,632,000 after purchasing an additional 21,092 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Toyota Motor by 2.4% in the third quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock worth $1,207,571,000 after buying an additional 160,720 shares during the last quarter. Atom Investors LP purchased a new position in Toyota Motor in the third quarter worth about $841,000. FNY Investment Advisers LLC bought a new position in shares of Toyota Motor in the fourth quarter worth approximately $1,167,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Toyota Motor during the fourth quarter valued at approximately $2,140,000. 1.48% of the stock is owned by institutional investors.

Toyota Motor Company Profile

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.