Toyota Motor (NYSE:TM) Shares Gap Up to $175.37

Toyota Motor Co. (NYSE:TM) gapped up before the market opened on Wednesday . The stock had previously closed at $175.37, but opened at $179.71. Toyota Motor shares last traded at $179.85, with a volume of 49,040 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TM shares. StockNews.com initiated coverage on shares of Toyota Motor in a report on Thursday, August 17th. They set a “buy” rating for the company. Citigroup raised Toyota Motor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Morgan Stanley cut Toyota Motor from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 10th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Toyota Motor Trading Up 1.9 %

The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average price is $165.18 and its 200 day moving average price is $149.80. The stock has a market cap of $242.12 billion, a P/E ratio of 11.03, a PEG ratio of 0.50 and a beta of 0.68.

Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, August 1st. The company reported $7.05 EPS for the quarter, topping analysts’ consensus estimates of $3.92 by $3.13. The firm had revenue of $76.85 billion for the quarter, compared to analysts’ expectations of $69.98 billion. Toyota Motor had a return on equity of 10.31% and a net margin of 7.70%. Equities research analysts expect that Toyota Motor Co. will post 16.9 earnings per share for the current year.

Institutional Investors Weigh In On Toyota Motor

A number of hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its holdings in Toyota Motor by 2.6% during the second quarter. Fisher Asset Management LLC now owns 5,878,893 shares of the company’s stock valued at $945,032,000 after buying an additional 147,722 shares during the last quarter. Morgan Stanley grew its position in shares of Toyota Motor by 6.1% during the 4th quarter. Morgan Stanley now owns 1,473,652 shares of the company’s stock valued at $201,272,000 after acquiring an additional 84,680 shares during the period. Goldman Sachs Group Inc. raised its holdings in Toyota Motor by 7.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 830,242 shares of the company’s stock worth $127,998,000 after purchasing an additional 57,478 shares during the period. BlackRock Inc. lifted its position in Toyota Motor by 8.9% during the second quarter. BlackRock Inc. now owns 668,545 shares of the company’s stock valued at $107,469,000 after purchasing an additional 54,582 shares in the last quarter. Finally, Northern Trust Corp increased its position in Toyota Motor by 3.3% in the second quarter. Northern Trust Corp now owns 560,793 shares of the company’s stock worth $90,147,000 after buying an additional 17,897 shares in the last quarter. 1.33% of the stock is currently owned by hedge funds and other institutional investors.

About Toyota Motor

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.