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

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

Several other analysts have also recently commented on TM. Weiss Ratings cut Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, July 31st. Freedom Capital raised shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Morgan Stanley initiated coverage on shares of Toyota Motor in a report on Friday, May 1st. They issued an “equal weight” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Price Performance

Toyota Motor stock opened at $185.80 on Tuesday. The firm has a market capitalization 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 has a 52 week low of $166.10 and a 52 week high of $248.90. The firm’s 50-day simple moving average is $178.17 and its 200 day simple moving average is $201.98. The company has a quick ratio of 1.12, a current ratio of 1.27 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. The company had revenue of $83.16 billion for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 10.97%. On average, equities research analysts predict that Toyota Motor will post 20.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Toyota Motor news, President Kenta Kon purchased 85,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was purchased at an average cost of $18.41 per share, with a total value of $1,564,850.00. Following the transaction, the president owned 148,100 shares in the company, valued at approximately $2,726,521. This trade represents a 134.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On Toyota Motor

Several institutional investors and hedge funds have recently modified their holdings of TM. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Toyota Motor by 418.5% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock valued at $29,000 after buying an additional 113 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Toyota Motor during the 1st quarter valued at approximately $33,000. Cornerstone Planning Group LLC grew its holdings in Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after acquiring an additional 48 shares in the last quarter. Larson Financial Group LLC increased its holdings in Toyota Motor by 302.1% in the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after buying an additional 142 shares during the last quarter. Finally, Activest Wealth Management lifted its stake in Toyota Motor by 10,000.0% during the fourth quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after purchasing an additional 200 shares during the last quarter. 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.