Toyota Motor (NYSE:TM) Upgraded by Freedom Capital to “Strong-Buy” Rating

Toyota Motor (NYSE:TM) was upgraded by analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

TM has been the topic of a number of other reports. Zacks Research lowered Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley assumed coverage on Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, March 2nd. BNP Paribas Exane assumed coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price objective on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Two equities 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Trading Up 0.2%

TM stock opened at $190.83 on Thursday. The business has a fifty day moving average price of $204.87 and a 200 day moving average price of $213.67. Toyota Motor has a fifty-two week low of $167.18 and a fifty-two week high of $248.90. The stock has a market capitalization of $248.71 billion, a price-to-earnings ratio of 9.75 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The firm had revenue of $76.81 billion for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Analysts expect that Toyota Motor will post 16.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC boosted its position in shares of Toyota Motor by 224.4% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 7,990 shares of the company’s stock worth $1,710,000 after purchasing an additional 5,527 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Toyota Motor by 22,450.6% during the third quarter. Federated Hermes Inc. now owns 19,168 shares of the company’s stock worth $3,663,000 after acquiring an additional 19,083 shares in the last quarter. Cullen Capital Management LLC lifted its holdings in Toyota Motor by 25.2% during the third quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after acquiring an additional 39,620 shares in the last quarter. Caprock Group LLC bought a new position in Toyota Motor during the third quarter worth about $1,323,000. Finally, American Century Companies Inc. lifted its holdings in Toyota Motor by 18.3% during the third quarter. American Century Companies Inc. now owns 332,180 shares of the company’s stock worth $63,476,000 after acquiring an additional 51,284 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

About Toyota Motor

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.