Toyota Motor (NYSE:TM) Downgraded to “Hold” at StockNews.com

StockNews.com lowered shares of Toyota Motor (NYSE:TMGet Rating) from a buy rating to a hold rating in a research report released on Wednesday morning.

A number of other research firms have also commented on TM. UBS Group reduced their price objective on shares of Toyota Motor from 2,500.00 to 2,300.00 in a research note on Wednesday, July 13th. Macquarie lowered shares of Toyota Motor from an outperform rating to a neutral rating in a research note on Friday, July 15th. JPMorgan Chase & Co. raised shares of Toyota Motor from a neutral rating to an overweight rating in a research note on Tuesday, May 31st. Finally, Jefferies Financial Group increased their price target on shares of Toyota Motor from $177.49 to $179.41 and gave the stock a hold rating in a research report on Thursday, July 7th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $1,239.71.

Toyota Motor Stock Performance

NYSE:TM opened at $157.31 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. Toyota Motor has a twelve month low of $152.14 and a twelve month high of $213.74. The firm has a market cap of $219.92 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 0.74 and a beta of 0.51. The company has a 50-day moving average of $159.16 and a 200-day moving average of $170.70.

Toyota Motor (NYSE:TMGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The company reported $3.34 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.94. Toyota Motor had a net margin of 9.11% and a return on equity of 10.96%. The company had revenue of $69.82 billion during the quarter, compared to analyst estimates of $68.20 billion. Analysts forecast that Toyota Motor will post 17.48 earnings per share for the current fiscal year.

Institutional Trading of Toyota Motor

A number of hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC lifted its position in shares of Toyota Motor by 3.5% in the first quarter. Fisher Asset Management LLC now owns 5,135,407 shares of the company’s stock worth $925,657,000 after purchasing an additional 173,287 shares in the last quarter. Bank of America Corp DE increased its holdings in Toyota Motor by 14.5% in the first quarter. Bank of America Corp DE now owns 996,578 shares of the company’s stock worth $179,634,000 after buying an additional 126,407 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Toyota Motor by 14.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 848,728 shares of the company’s stock worth $157,270,000 after buying an additional 108,346 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Toyota Motor by 2,266.4% in the first quarter. Bank of New York Mellon Corp now owns 635,701 shares of the company’s stock worth $114,585,000 after buying an additional 608,837 shares during the last quarter. Finally, SRB Corp increased its holdings in Toyota Motor by 21.5% in the fourth quarter. SRB Corp now owns 606,855 shares of the company’s stock worth $112,450,000 after buying an additional 107,200 shares during the last quarter. 1.20% of the stock is owned by hedge funds and other institutional investors.

About Toyota Motor

(Get Rating)

Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates in Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius name, fuel cell vehicles under the MIRAI name; and conventional engine vehicles, including subcompact and compact cars under the Corolla and Raize names.

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