Bank of America Corporation cut shares of Toyota Motor Corp Ltd Ord (NYSE:TM) from a neutral rating to an underperform rating in a research note released on Tuesday, July 11th, MarketBeat.com reports. They currently have $108.22 price objective on the stock.

TM has been the subject of a number of other reports. Daiwa Capital Markets cut shares of Toyota Motor Corp Ltd Ord from an outperform rating to a neutral rating in a report on Wednesday, June 28th. BidaskClub raised shares of Toyota Motor Corp Ltd Ord from a sell rating to a hold rating in a research note on Thursday, July 6th. Jefferies Group LLC reaffirmed a hold rating and issued a $116.00 price objective on shares of Toyota Motor Corp Ltd Ord in a research note on Monday, April 3rd. TheStreet upgraded shares of Toyota Motor Corp Ltd Ord from a c+ rating to a b rating in a research report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded shares of Toyota Motor Corp Ltd Ord from a hold rating to a buy rating and set a $118.00 target price for the company in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Toyota Motor Corp Ltd Ord currently has a consensus rating of Hold and an average target price of $115.07.

Shares of Toyota Motor Corp Ltd Ord (NYSE:TM) traded up 0.43% during midday trading on Tuesday, hitting $114.13. The stock had a trading volume of 141,275 shares. The firm has a 50 day moving average of $108.00 and a 200-day moving average of $110.03. The company has a market cap of $169.75 billion, a P/E ratio of 10.66 and a beta of 0.62. Toyota Motor Corp Ltd Ord has a one year low of $103.62 and a one year high of $123.18.

Toyota Motor Corp Ltd Ord (NYSE:TM) last issued its earnings results on Wednesday, May 10th. The company reported $2.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $119.46 by $117.14. The business had revenue of $7,442.47 billion for the quarter, compared to the consensus estimate of $6,993.26 billion. Toyota Motor Corp Ltd Ord had a return on equity of 10.40% and a net margin of 6.74%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $38.38 earnings per share. On average, analysts forecast that Toyota Motor Corp Ltd Ord will post $10.61 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gilman Hill Asset Management LLC raised its position in Toyota Motor Corp Ltd Ord by 28.4% in the first quarter. Gilman Hill Asset Management LLC now owns 8,090 shares of the company’s stock worth $879,000 after buying an additional 1,790 shares during the last quarter. Johanson Financial Advisors Inc. bought a new stake in Toyota Motor Corp Ltd Ord during the first quarter valued at about $294,000. Americafirst Capital Management LLC bought a new stake in Toyota Motor Corp Ltd Ord during the first quarter valued at about $174,000. Fox Run Management L.L.C. bought a new stake in Toyota Motor Corp Ltd Ord during the first quarter valued at about $478,000. Finally, Capstone Asset Management Co. raised its stake in Toyota Motor Corp Ltd Ord by 6.2% in the first quarter. Capstone Asset Management Co. now owns 189,818 shares of the company’s stock valued at $20,618,000 after buying an additional 11,029 shares in the last quarter. Institutional investors and hedge funds own 0.93% of the company’s stock.

Toyota Motor Corp Ltd Ord 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.

Analyst Recommendations for Toyota Motor Corp Ltd Ord (NYSE:TM)

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