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

Toyota Motor Co. (NYSE:TM)’s stock price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. 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 traded.

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 return on equity of 12.02% and a net margin of 9.17%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in Toyota Motor during the 3rd quarter valued at about $27,000. Modus Advisors LLC purchased a new position in shares of Toyota Motor in the fourth quarter valued at approximately $31,000. Trust Co. of Vermont grew 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 purchasing an additional 85 shares in the last quarter. Jamison Private Wealth Management Inc. grew its holdings in shares of Toyota Motor by 300.0% in the third quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares in the last quarter. Finally, Grove Bank & Trust acquired a new stake in Toyota Motor during the 3rd quarter worth approximately $32,000. 1.48% of the stock is currently owned by institutional investors and hedge funds.

Toyota Motor Price Performance

The company’s 50-day simple moving average is $183.25 and its 200 day simple moving average is $180.15. The company has a market cap of $262.75 billion, a PE ratio of 9.26, a PEG ratio of 0.36 and a beta of 0.63. 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.