Toyota Motor Corp. (TM) Stock Rating Lowered by Zacks Investment Research
Toyota Motor Corp. (NYSE:TM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Toyota focuses on product development, capacity increases and expansion in emerging markets. The automaker also made several structural changes in order to deliver high-quality vehicles and improve the strength and autonomy of regional operations. Toyota, along with Daihatsu, plans to establish an internal company aimed at developing and launching competitive compact vehicles in the emerging markets where the potential for growth remains high. However, declining global sales, a string of product recalls and large fines pose concerns for Toyota. Also, the company issued a weak guidance for earnings, operating income and revenues for fiscal 2017.”
A number of other equities analysts have also recently issued reports on TM. Goldman Sachs Group Inc. cut Toyota Motor Corp. from a “buy” rating to a “neutral” rating in a report on Monday, September 5th. Citigroup Inc. cut Toyota Motor Corp. from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $106.94.
Toyota Motor Corp. (NYSE:TM) opened at 117.07 on Thursday. The firm has a market capitalization of $176.27 billion, a P/E ratio of 8.29 and a beta of 0.64. The company’s 50-day moving average is $118.74 and its 200-day moving average is $108.69. Toyota Motor Corp. has a one year low of $97.80 and a one year high of $127.28.
A number of large investors have recently added to or reduced their stakes in TM. Landscape Capital Management L.L.C. raised its stake in Toyota Motor Corp. by 1,145.1% in the first quarter. Landscape Capital Management L.L.C. now owns 28,886 shares of the company’s stock worth $3,071,000 after buying an additional 26,566 shares during the last quarter. Cypress Wealth Advisors LLC raised its stake in shares of Toyota Motor Corp. by 14.2% in the first quarter. Cypress Wealth Advisors LLC now owns 3,017 shares of the company’s stock valued at $321,000 after buying an additional 374 shares in the last quarter. State Street Corp raised its stake in shares of Toyota Motor Corp. by 9.2% in the first quarter. State Street Corp now owns 6,435 shares of the company’s stock valued at $685,000 after buying an additional 540 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of Toyota Motor Corp. by 19.5% in the first quarter. Scotia Capital Inc. now owns 25,691 shares of the company’s stock valued at $2,733,000 after buying an additional 4,187 shares in the last quarter. Finally, HBK Investments L P raised its stake in shares of Toyota Motor Corp. by 558.4% in the first quarter. HBK Investments L P now owns 30,288 shares of the company’s stock valued at $3,220,000 after buying an additional 25,688 shares in the last quarter. 1.08% of the stock is owned by institutional investors and hedge funds.
Toyota Motor Corp. Company Profile
Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.
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