Zacks Research Upgrades Toyota Motor (NYSE:TM) to “Strong-Buy”

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

Other equities analysts have also recently issued reports about the company. Erste Group Bank raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 18th. Weiss Ratings raised Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Toyota Motor presently has an average rating of “Buy” and an average target price of $290.00.

Toyota Motor Stock Performance

Shares of TM opened at $195.79 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average price is $192.14 and its 200-day moving average price is $199.18. Toyota Motor has a 52 week low of $166.10 and a 52 week high of $248.90. The stock has a market cap of $255.18 billion, a P/E ratio of 8.63, a P/E/G ratio of 1.24 and a beta of 0.61.

Toyota Motor (NYSE:TM) last released its earnings results on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. Toyota Motor had a return on equity of 11.21% and a net margin of 8.61%. The firm had revenue of $83.16 billion for the quarter. Equities research analysts anticipate that Toyota Motor will post 21.17 earnings per share for the current fiscal year.

Insider Transactions at Toyota Motor

In related news, President Kenta Kon purchased 85,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were purchased at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the acquisition, the president directly owned 148,100 shares in the company, valued at $2,726,521. The trade was a 134.71% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Provenance Wealth Advisors LLC grew its position in Toyota Motor by 86.8% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 1,147 shares of the company’s stock worth $210,000 after purchasing an additional 533 shares during the period. IPG Investment Advisors LLC raised its stake in Toyota Motor by 76.2% during the 3rd quarter. IPG Investment Advisors LLC now owns 5,039 shares of the company’s stock valued at $923,000 after buying an additional 2,179 shares during the last quarter. Trek Financial LLC raised its stake in Toyota Motor by 7.9% during the 3rd quarter. Trek Financial LLC now owns 1,622 shares of the company’s stock valued at $297,000 after buying an additional 119 shares during the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Toyota Motor by 56.1% during the 3rd quarter. Bell Investment Advisors Inc now owns 167 shares of the company’s stock valued at $31,000 after buying an additional 60 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Toyota Motor by 10.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 10,294 shares of the company’s stock valued at $1,885,000 after buying an additional 945 shares during the period. Institutional investors own 1.48% of the company’s stock.

About Toyota Motor

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.