Toyota Motor (NYSE:TM) Downgraded by Erste Group Bank to “Hold”

Toyota Motor (NYSE:TM) was downgraded by research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports.

TM has been the topic of several other reports. Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. BNP Paribas Exane started coverage on shares of Toyota Motor in a research report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. Finally, DZ Bank raised shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Trading Down 2.3%

TM stock traded down $4.88 during trading on Thursday, hitting $204.79. 15,449 shares of the company traded hands, compared to its average volume of 308,872. The firm has a market capitalization of $266.91 billion, a PE ratio of 10.81 and a beta of 0.66. Toyota Motor has a 1 year low of $155.00 and a 1 year high of $248.90. The company has a 50-day moving average of $227.04 and a 200-day moving average of $213.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26.

Toyota Motor (NYSE:TM) last announced its quarterly 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. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The business had revenue of $76.37 billion for the quarter, compared to analysts’ expectations of $82 billion. Analysts predict that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toyota Motor

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC purchased a new position in shares of Toyota Motor during the third quarter valued at approximately $26,000. Highline Wealth Partners LLC grew its stake in shares of Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after buying an additional 73 shares during the last quarter. Cornerstone Planning Group LLC increased its position in Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after buying an additional 48 shares in the last quarter. Larson Financial Group LLC increased its position in Toyota Motor by 302.1% during the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after buying an additional 142 shares in the last quarter. Finally, Activest Wealth Management raised 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 valued at $43,000 after buying an additional 200 shares during 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.