Toyota Motor (NYSE:TM) Rating Reiterated by Erste Group Bank

Erste Group Bank reissued their hold rating on shares of Toyota Motor (NYSE:TMFree Report) in a report released on Friday morning, Benzinga reports.

Toyota Motor Trading Down 1.0 %

Shares of NYSE TM opened at $195.20 on Friday. The company’s fifty day moving average is $222.11 and its 200-day moving average is $216.76. The stock has a market cap of $263.02 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 0.34 and a beta of 0.69. Toyota Motor has a twelve month low of $152.78 and a twelve month high of $255.23. The company has a quick ratio of 1.03, a current ratio of 1.19 and a debt-to-equity ratio of 0.60.

Toyota Motor (NYSE:TMGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $4.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $2.08. The company had revenue of $74.56 billion for the quarter, compared to analysts’ expectations of $67.21 billion. Toyota Motor had a net margin of 10.99% and a return on equity of 14.82%. Equities research analysts predict that Toyota Motor will post 22.07 EPS for the current year.

Hedge Funds Weigh In On Toyota Motor

A number of hedge funds and other institutional investors have recently made changes to their positions in TM. CIBC Private Wealth Group LLC boosted its position in shares of Toyota Motor by 385.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 934,796 shares of the company’s stock worth $171,423,000 after purchasing an additional 742,409 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Toyota Motor by 109.1% during the first quarter. Captrust Financial Advisors now owns 437,732 shares of the company’s stock worth $110,168,000 after acquiring an additional 228,434 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Toyota Motor during the fourth quarter worth $31,855,000. Fisher Asset Management LLC raised its holdings in shares of Toyota Motor by 2.9% during the fourth quarter. Fisher Asset Management LLC now owns 6,213,105 shares of the company’s stock worth $1,139,359,000 after acquiring an additional 172,347 shares during the period. Finally, Natixis Advisors L.P. raised its holdings in shares of Toyota Motor by 113.5% during the third quarter. Natixis Advisors L.P. now owns 262,557 shares of the company’s stock worth $47,195,000 after acquiring an additional 139,582 shares during the period. 1.48% of the stock is owned by institutional investors.

About Toyota Motor

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Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories in Japan, North America, Europe, Asia, Central and South America, Oceania, Africa, and the Middle East. It operates in Automotive, Financial Services, and All Other segments.

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