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

Toyota Motor (NYSE:TM) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

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

Toyota Motor Price Performance

Toyota Motor stock opened at $241.54 on Tuesday. The company has a fifty day simple moving average of $216.46 and a 200-day simple moving average of $203.21. The firm has a market capitalization of $325.46 billion, a price-to-earnings ratio of 10.65 and a beta of 0.62. The company has a quick ratio of 1.10, a current ratio of 1.25 and a debt-to-equity ratio of 0.61. Toyota Motor has a 52-week low of $155.00 and a 52-week high of $242.96.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $4.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.36 by $1.49. The firm had revenue of $81.22 billion for the quarter, compared to analyst estimates of $79.06 billion. Toyota Motor had a net margin of 9.33% and a return on equity of 12.32%. On average, equities analysts anticipate that Toyota Motor will post 19.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

A number of hedge funds have recently modified their holdings of TM. Root Financial Partners LLC purchased a new stake in Toyota Motor in the 3rd quarter valued at about $26,000. Highline Wealth Partners LLC increased its position in shares of Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after acquiring an additional 73 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after acquiring an additional 48 shares during the period. NewSquare Capital LLC lifted its holdings in shares of Toyota Motor by 65.7% in the 2nd quarter. NewSquare Capital LLC now owns 227 shares of the company’s stock worth $39,000 after acquiring an additional 90 shares during the last quarter. Finally, Activest Wealth Management boosted its position in shares of Toyota Motor by 10,000.0% during the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the period. 1.48% of the stock is currently owned by hedge funds and other institutional investors.

Toyota Motor Company Profile

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.