Toyota Motor (NYSE:TM) Stock Rating Upgraded by DZ Bank

Toyota Motor (NYSE:TM) was upgraded by investment analysts at DZ Bank from a “strong sell” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the company. 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 price objective on the stock. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded shares of Toyota Motor from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Trading Down 4.7%

TM opened at $232.10 on Monday. The firm has a market cap of $302.51 billion, a P/E ratio of 12.24 and a beta of 0.60. The company has a current ratio of 1.26, a quick ratio of 1.12 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $230.06 and a 200 day moving average of $210.88. Toyota Motor has a 12 month low of $155.00 and a 12 month high of $248.90.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.35 by $1.91. Toyota Motor had a return on equity of 9.67% and a net margin of 7.32%.The company had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. As a group, research analysts forecast that Toyota Motor will post 19.76 EPS for the current year.

Institutional Investors Weigh In On Toyota Motor

Several large investors have recently modified their holdings of TM. Grey Ledge Advisors LLC purchased a new position in shares of Toyota Motor in the 3rd quarter worth approximately $1,556,000. Quadrant Capital Group LLC increased its position in shares of Toyota Motor by 4.6% during the second quarter. Quadrant Capital Group LLC now owns 31,640 shares of the company’s stock worth $5,450,000 after purchasing an additional 1,391 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Toyota Motor by 22,450.6% during the 3rd quarter. Federated Hermes Inc. now owns 19,168 shares of the company’s stock valued at $3,663,000 after purchasing an additional 19,083 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Toyota Motor by 21.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 17,062 shares of the company’s stock worth $2,939,000 after purchasing an additional 3,012 shares in the last quarter. Finally, Cullen Capital Management LLC grew its stake in Toyota Motor by 25.2% during the 3rd quarter. Cullen Capital Management LLC now owns 197,114 shares of the company’s stock worth $37,667,000 after buying an additional 39,620 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

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.