Toyota Motor (NYSE:TM) Hits New 52-Week Low – Here’s Why

Toyota Motor Corporation (NYSE:TM)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $166.72 and last traded at $167.3250, with a volume of 69194 shares. The stock had previously closed at $169.73.

Analyst Ratings Changes

A number of brokerages have recently commented on TM. Erste Group Bank downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Freedom Capital upgraded Toyota Motor from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Morgan Stanley assumed coverage on Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating on the stock. DZ Bank upgraded shares of Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Toyota Motor presently has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Trading Down 1.4%

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.27. The company has a 50 day simple moving average of $189.36 and a two-hundred day simple moving average of $209.93. The company has a market cap of $218.20 billion, a PE ratio of 8.55 and a beta of 0.57.

Toyota Motor (NYSE:TM) last posted 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 during the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. Sell-side analysts forecast that Toyota Motor Corporation will post 21.06 EPS for the current year.

Hedge Funds Weigh In On Toyota Motor

Institutional investors and hedge funds have recently modified their holdings of the stock. DeDora Capital Inc. raised its holdings in shares of Toyota Motor by 2.1% during the fourth quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock worth $458,000 after acquiring an additional 45 shares in the last quarter. Rehmann Capital Advisory Group increased its position in Toyota Motor by 3.2% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock worth $314,000 after purchasing an additional 45 shares during the last quarter. Independence Bank of Kentucky increased its position in Toyota Motor by 18.4% in the 4th quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock worth $63,000 after purchasing an additional 46 shares during the last quarter. Cornerstone Planning Group LLC raised 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 purchasing an additional 48 shares in the last quarter. Finally, J2 Capital Management Inc raised its stake in shares of Toyota Motor by 2.4% during the 4th quarter. J2 Capital Management Inc now owns 2,125 shares of the company’s stock worth $455,000 after purchasing an additional 50 shares in the last quarter. 1.48% of the stock is currently 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.