Toyota Motor (NYSE:TM) Raised to Hold at Zacks Research

Toyota Motor (NYSE:TM) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of Toyota Motor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, July 31st. Morgan Stanley initiated coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating for the company. Finally, Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Stock Down 1.8%

NYSE:TM opened at $185.80 on Tuesday. Toyota Motor has a twelve month low of $166.10 and a twelve month high of $248.90. The company has a market cap of $242.16 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 1.26 and a beta of 0.56. The stock has a fifty day simple moving average of $178.17 and a 200-day simple moving average of $201.98. 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 (NYSE:TM) last issued its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share (EPS) for the quarter. The firm had revenue of $83.16 billion during the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 10.97%. Analysts anticipate that Toyota Motor will post 20.05 EPS for the current year.

Insider Buying and Selling at Toyota Motor

In other Toyota Motor news, President Kenta Kon bought 85,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were purchased at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the purchase, the president directly owned 148,100 shares in the company, valued at $2,726,521. This represents a 134.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Toyota Motor

Several hedge funds have recently made changes to their positions in TM. Fisher Asset Management LLC raised its position in Toyota Motor by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 6,995,672 shares of the company’s stock valued at $1,497,494,000 after acquiring an additional 86,474 shares in the last quarter. Morgan Stanley boosted its position in Toyota Motor by 13.0% in the 4th quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock worth $518,378,000 after purchasing an additional 279,110 shares in the last quarter. Bank of America Corp DE boosted its position in Toyota Motor by 4.9% in the 3rd quarter. Bank of America Corp DE now owns 1,465,611 shares of the company’s stock worth $280,064,000 after purchasing an additional 67,943 shares in the last quarter. Northern Trust Corp grew its stake in shares of Toyota Motor by 3.6% during the 3rd quarter. Northern Trust Corp now owns 1,051,468 shares of the company’s stock worth $200,925,000 after purchasing an additional 36,207 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of Toyota Motor by 14.3% during the 4th quarter. Natixis Advisors LLC now owns 532,334 shares of the company’s stock worth $113,951,000 after purchasing an additional 66,695 shares during the period. 1.48% of the stock is owned by institutional investors and hedge funds.

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.