Toyota Motor (NYSE:TM) Upgraded by Zacks Research to Hold Rating

by · The Cerbat Gem

Zacks Research upgraded shares of Toyota Motor (NYSE:TM – Free Report) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Erste Group Bank raised shares of Toyota Motor from a “hold” rating to a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Read Our Latest Report on TM

Toyota Motor Price Performance

NYSE:TM traded down $3.75 during trading hours on Tuesday, reaching $237.64. The stock had a trading volume of 374,313 shares, compared to its average volume of 335,518. Toyota Motor has a 52 week low of $155.00 and a 52 week high of $242.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.10 and a current ratio of 1.25. The company has a 50 day moving average price of $216.46 and a two-hundred day moving average price of $203.21. The stock has a market capitalization of $320.20 billion, a PE ratio of 10.47 and a beta of 0.62.

Toyota Motor (NYSE:TM – Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $4.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.36 by $1.49. The firm had revenue of $81.22 billion for the quarter, compared to analysts’ expectations of $79.06 billion. Toyota Motor had a net margin of 9.33% and a return on equity of 12.32%. As a group, sell-side analysts anticipate that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toyota Motor

Several large investors have recently added to or reduced their stakes in TM. May Hill Capital LLC boosted its holdings in shares of Toyota Motor by 141.2% in the fourth quarter. May Hill Capital LLC now owns 5,014 shares of the company’s stock valued at $1,073,000 after purchasing an additional 2,935 shares during the period. Stephens Inc. AR raised its stake in shares of Toyota Motor by 34.1% during the 4th quarter. Stephens Inc. AR now owns 2,112 shares of the company’s stock worth $452,000 after acquiring an additional 537 shares in the last quarter. AlphaCore Capital LLC increased its position in shares of Toyota Motor by 10.6% during the fourth quarter. AlphaCore Capital LLC now owns 5,515 shares of the company’s stock worth $1,181,000 after purchasing an additional 530 shares in the last quarter. Lockheed Martin Investment Management Co. increased its position in Toyota Motor by 38.0% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 8,350 shares of the company’s stock valued at $1,787,000 after buying an additional 2,300 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Toyota Motor by 3,027.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock valued at $54,107,000 after buying an additional 244,684 shares during the last quarter. 1.48% of the stock is owned by hedge funds and other institutional investors.

Toyota Motor Company Profile

(Get Free Report)

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.

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