Toyota Motor (NYSE:TM) Shares Gap Up Following Strong Earnings

Shares of Toyota Motor Co. (NYSE:TM) gapped up prior to trading on Wednesday following a better than expected earnings announcement. 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.

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%.

Analyst Upgrades and Downgrades

TM has been the topic of several recent analyst reports. StockNews.com raised Toyota Motor from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. CLSA lowered Toyota Motor from an “outperform” rating to a “hold” rating in a research report on Wednesday. Finally, Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday.

Institutional Inflows and Outflows

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

Toyota Motor Stock Performance

The company has a market cap of $256.73 billion, a P/E ratio of 9.05, a P/E/G ratio of 0.36 and a beta of 0.63. The firm has a 50 day moving average price of $183.77 and a 200-day moving average price of $180.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.23.

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.