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

Toyota Motor Co. (NYSE:TM) shares 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.

The company reported $9.98 EPS for the quarter, topping 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TM shares. Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a report on Tuesday. StockNews.com raised shares of Toyota Motor from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, CLSA cut shares of Toyota Motor from an “outperform” rating to a “hold” rating in a report on Wednesday.

Hedge Funds Weigh In On Toyota Motor

Hedge funds have recently bought and sold shares of the company. Highline Wealth Partners LLC bought a new position in Toyota Motor in the third quarter valued at approximately $27,000. Modus Advisors LLC acquired a new position in shares of Toyota Motor during the 4th quarter worth $31,000. Trust Co. of Vermont lifted its position 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 buying an additional 85 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its stake in 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 buying an additional 126 shares in the last quarter. Finally, Grove Bank & Trust bought a new position in Toyota Motor in the third quarter valued at about $32,000. 1.48% of the stock is owned by institutional investors.

Toyota Motor Stock Performance

The company has a 50 day simple moving average of $183.25 and a 200 day simple moving average of $180.15. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. The stock has a market cap of $263.59 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.36 and a beta of 0.63.

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.