Toyota Motor (NYSE:TM) Cut to “Hold” at Erste Group Bank

Erste Group Bank lowered shares of Toyota Motor (NYSE:TM) from a buy rating to a hold rating in a research note released on Thursday morning, MarketBeat.com reports.

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

Toyota Motor Trading Up 0.1%

Toyota Motor stock opened at $207.23 on Thursday. Toyota Motor has a one year low of $155.00 and a one year high of $248.90. The business’s fifty day moving average is $226.26 and its 200 day moving average is $213.22. The stock has a market capitalization of $270.09 billion, a PE ratio of 10.92 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12.

Toyota Motor (NYSE:TM) last announced its earnings results on Saturday, February 7th. The company reported $6.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The business had revenue of $76.37 billion during the quarter, compared to analyst estimates of $82 billion. On average, sell-side analysts predict that Toyota Motor will post 19.76 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Grey Ledge Advisors LLC bought a new stake in shares of Toyota Motor during the third quarter worth $1,556,000. Federated Hermes Inc. grew its stake in Toyota Motor by 22,450.6% in the 3rd 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 grew its stake in Toyota Motor by 25.2% in the third quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after purchasing an additional 39,620 shares in the last quarter. Walleye Capital LLC raised its position in Toyota Motor by 340.3% during the 2nd quarter. Walleye Capital LLC now owns 37,147 shares of the company’s stock valued at $6,399,000 after purchasing an additional 28,711 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in Toyota Motor during the 3rd quarter valued at $1,323,000. 1.48% of the stock is owned by hedge funds and other 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.