Toyota Motor (NYSE:TM) Stock Rating Upgraded by Freedom Capital

Toyota Motor (NYSE:TM) was upgraded by equities research analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities analysts also recently issued reports on the company. Morgan Stanley began coverage on Toyota Motor in a research report on Friday, May 1st. They issued an “equal weight” rating on the stock. Zacks Research downgraded Toyota Motor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BNP Paribas Exane began coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price on the stock. Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Toyota Motor has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Stock Performance

Shares of TM stock opened at $190.83 on Thursday. The business’s fifty day simple moving average is $204.87 and its 200-day simple moving average is $213.67. The company has a market cap of $248.71 billion, a PE ratio of 9.75 and a beta of 0.58. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Toyota Motor has a 12-month low of $167.18 and a 12-month high of $248.90.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share (EPS) for the quarter. The business had revenue of $76.81 billion for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. Analysts expect that Toyota Motor will post 16.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Toyota Motor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in Toyota Motor during the 3rd quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake 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 worth $29,000 after acquiring an additional 113 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in shares of Toyota Motor by 92.4% during the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after acquiring an additional 73 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Toyota Motor during the 1st quarter worth about $33,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of 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. 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.