Toyota Motor (NYSE:TM) Upgraded to “Hold” at Zacks Research

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

A number of other analysts have also issued reports on the company. Weiss Ratings lowered Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, July 31st. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Finally, Morgan Stanley started coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Down 1.8%

Shares of NYSE TM opened at $185.80 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $178.17 and a 200 day moving average of $201.98. Toyota Motor has a 12-month low of $166.10 and a 12-month high of $248.90. The stock has a market cap of $242.16 billion, a PE ratio of 8.19, a P/E/G ratio of 1.26 and a beta of 0.56.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. Toyota Motor had a return on equity of 10.97% and a net margin of 8.61%.The firm had revenue of $83.16 billion for the quarter. As a group, sell-side analysts predict that Toyota Motor will post 20.05 EPS for the current fiscal year.

Insider Activity

In related news, President Kenta Kon bought 85,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the completion of the acquisition, the president owned 148,100 shares in the company, valued at $2,726,521. This trade represents a 134.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley lifted its position in shares of Toyota Motor by 13.0% during the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after acquiring an additional 279,110 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Toyota Motor by 3,027.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock worth $54,107,000 after acquiring an additional 244,684 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of Toyota Motor by 717.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after buying an additional 128,128 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Toyota Motor by 116.3% in the 4th quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock valued at $49,580,000 after purchasing an additional 124,520 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Toyota Motor by 1,509.1% in the third quarter. Franklin Resources Inc. now owns 100,554 shares of the company’s stock valued at $19,215,000 after purchasing an additional 94,305 shares during the period. Hedge funds and other 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.