Toyota Motor (NYSE:TM) Upgraded by DZ Bank to Strong-Buy Rating

DZ Bank upgraded shares of Toyota Motor (NYSE:TM) from a strong sell rating to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. BNP Paribas Exane started coverage on shares of Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. Wall Street Zen downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Trading Down 4.7%

Shares of TM stock opened at $232.10 on Monday. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. The stock has a 50-day simple moving average of $230.06 and a 200 day simple moving average of $210.88. Toyota Motor has a fifty-two week low of $155.00 and a fifty-two week high of $248.90. The stock has a market capitalization of $302.51 billion, a P/E ratio of 12.24 and a beta of 0.60.

Toyota Motor (NYSE:TM) last released its earnings results on Friday, February 6th. The company reported $6.26 EPS for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. The business had revenue of $76.37 billion for the quarter, compared to the consensus estimate of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. On average, sell-side analysts expect that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in shares of Toyota Motor by 13.0% in the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after purchasing an additional 279,110 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Toyota Motor by 3,027.9% in the 4th 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Toyota Motor by 204.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock valued at $49,162,000 after acquiring an additional 172,829 shares during the period. Orion Porfolio Solutions LLC raised its stake in Toyota Motor by 717.3% during the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock worth $25,148,000 after acquiring an additional 128,128 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Toyota Motor by 116.3% during the fourth quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock worth $49,580,000 after acquiring an additional 124,520 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

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.