Toyota Motor (NYSE:TM) Shares Gap Up – Should You Buy?

Toyota Motor Co. (NYSE:TM) gapped up before the market opened on Thursday . The stock had previously closed at $181.43, but opened at $195.97. Toyota Motor shares last traded at $195.03, with a volume of 305,981 shares.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Toyota Motor from a “hold” rating to a “sell” rating in a research report on Friday.

Toyota Motor Price Performance

The stock has a fifty day moving average of $175.42 and a two-hundred day moving average of $183.11. The stock has a market cap of $268.84 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 0.31 and a beta of 0.67. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. The company had revenue of $76.92 billion during the quarter, compared to analysts’ expectations of $79.78 billion. On average, equities research analysts anticipate that Toyota Motor Co. will post 21.56 earnings per share for the current year.

Hedge Funds Weigh In On Toyota Motor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new position in Toyota Motor in the 3rd quarter valued at about $27,000. Jamison Private Wealth Management Inc. grew its holdings in shares of Toyota Motor by 300.0% during the third quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock worth $30,000 after buying an additional 126 shares in the last quarter. Grove Bank & Trust acquired a new position in shares of Toyota Motor in the third quarter valued at approximately $32,000. Asset Dedication LLC lifted its stake in shares of Toyota Motor by 118.0% during the second quarter. Asset Dedication LLC now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 118 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Toyota Motor by 188.2% during the third quarter. Brown Brothers Harriman & Co. now owns 294 shares of the company’s stock worth $52,000 after acquiring an additional 192 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

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.