Jefferies Group Brokers Raise Earnings Estimates for Toyota Motor Corp (TM)

Toyota Motor Corp (NYSE:TM) – Research analysts at Jefferies Group boosted their Q4 2017 EPS estimates for shares of Toyota Motor Corp in a research report issued on Monday, according to Zacks Investment Research. Jefferies Group analyst T. Nakanishi now expects that the company will earn $1.90 per share for the quarter, up from their previous forecast of $1.75. Jefferies Group has a “Hold” rating and a $116.00 price objective on the stock. Jefferies Group also issued estimates for Toyota Motor Corp’s Q4 2018 earnings at $1.81 EPS.

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Earnings History and Estimates for Toyota Motor Corp (NYSE:TM)

Several other research firms have also recently weighed in on TM. Macquarie raised Toyota Motor Corp from a “neutral” rating to an “outperform” rating in a research report on Friday, February 17th. TheStreet cut Toyota Motor Corp from a “b” rating to a “c+” rating in a research report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $122.50.

Toyota Motor Corp (NYSE:TM) traded up 0.650% during trading on Thursday, hitting $106.689. The stock had a trading volume of 99,845 shares. The firm has a market cap of $159.41 billion, a price-to-earnings ratio of 9.790 and a beta of 0.76. The firm’s 50 day moving average is $109.73 and its 200 day moving average is $114.76. Toyota Motor Corp has a 1-year low of $98.02 and a 1-year high of $123.18.

Several institutional investors have recently bought and sold shares of the company. Dorsey & Whitney Trust CO LLC bought a new position in Toyota Motor Corp during the third quarter valued at $221,000. HL Financial Services LLC acquired a new stake in shares of Toyota Motor Corp during the third quarter valued at about $620,000. CENTRAL TRUST Co raised its stake in shares of Toyota Motor Corp by 55.8% in the third quarter. CENTRAL TRUST Co now owns 1,620 shares of the company’s stock valued at $188,000 after buying an additional 580 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of Toyota Motor Corp by 1.2% in the third quarter. Rehmann Capital Advisory Group now owns 2,354 shares of the company’s stock valued at $273,000 after buying an additional 29 shares during the period. Finally, American Assets Investment Management LLC acquired a new stake in shares of Toyota Motor Corp during the third quarter valued at about $2,321,000. 0.95% of the stock is owned by institutional investors and hedge funds.

Toyota Motor Corp Company Profile

Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.

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