Toyota Motor (NYSE:TM) Shares Gap Up Following Better-Than-Expected Earnings

Toyota Motor Co. (NYSE:TM) gapped up before the market opened on Wednesday following a stronger than expected earnings report. The stock had previously closed at $187.56, but opened at $194.14. Toyota Motor shares last traded at $195.00, with a volume of 288,105 shares changing hands.

The company reported $9.98 EPS for the quarter, beating the consensus estimate of $4.36 by $5.62. Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%.

Analysts Set New Price Targets

Several brokerages have commented on TM. CLSA lowered shares of Toyota Motor from an “outperform” rating to a “hold” rating in a research note on Wednesday. StockNews.com raised Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Macquarie upgraded Toyota Motor from a “neutral” rating to an “outperform” rating in a research note on Tuesday.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Highline Wealth Partners LLC acquired a new stake in shares of Toyota Motor during the third quarter worth $27,000. Jamison Private Wealth Management Inc. raised its position in Toyota Motor by 300.0% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 126 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Toyota Motor in the 4th quarter worth $31,000. Trust Co. of Vermont boosted its holdings in shares of Toyota Motor by 113.3% in the fourth quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock valued at $31,000 after acquiring an additional 85 shares in the last quarter. Finally, Grove Bank & Trust acquired a new position in shares of Toyota Motor during the third quarter worth about $32,000. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Stock Performance

The stock’s 50-day moving average is $183.25 and its 200 day moving average is $180.15. The stock has a market cap of $262.75 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 0.36 and a beta of 0.63. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07.

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.