Toyota Motor (NYSE:TM) Stock Rating Lowered by Zacks Research

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

Several other research firms have also commented on TM. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Morgan Stanley began coverage on shares of Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. Finally, Erste Group Bank cut shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Price Performance

Shares of Toyota Motor stock opened at $179.59 on Monday. The business’s fifty day moving average price is $181.47 and its 200 day moving average price is $207.48. Toyota Motor has a twelve month low of $166.10 and a twelve month high of $248.90. 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 stock has a market capitalization of $234.06 billion, a P/E ratio of 9.17 and a beta of 0.58.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The company had revenue of $76.81 billion during the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. As a group, research analysts anticipate that Toyota Motor will post 20.8 earnings per share for the current year.

Institutional Trading of Toyota Motor

Several institutional investors have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Toyota Motor by 418.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after purchasing an additional 113 shares during the last quarter. Highline Wealth Partners LLC raised its stake in Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after buying an additional 73 shares in the last quarter. International Assets Investment Management LLC bought a new position in Toyota Motor during the 1st quarter worth approximately $33,000. Cornerstone Planning Group LLC grew its position in shares of Toyota Motor by 37.8% in 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. Finally, Larson Financial Group LLC increased its holdings in shares of Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after acquiring an additional 142 shares during the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

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.