Toyota Motor (NYSE:TM) Raised to Strong-Buy at 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 on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. Zacks Research upgraded shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wall Street Zen downgraded Toyota Motor from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. BNP Paribas Exane assumed coverage on Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $290.00.

Toyota Motor Stock Down 4.7%

TM stock opened at $232.10 on Monday. The company has a market cap of $302.51 billion, a price-to-earnings ratio of 12.24 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26. The business’s 50-day moving average is $230.06 and its two-hundred day moving average is $210.88. Toyota Motor has a fifty-two week low of $155.00 and a fifty-two week high of $248.90.

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

Institutional Trading of Toyota Motor

Several institutional investors and hedge funds have recently added to or reduced their stakes in TM. DeDora Capital Inc. boosted its stake in Toyota Motor by 2.1% in the 4th quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock worth $458,000 after purchasing an additional 45 shares during the period. Independence Bank of Kentucky boosted its position in shares of Toyota Motor by 18.4% during the fourth quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock worth $63,000 after acquiring an additional 46 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Toyota Motor by 37.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after acquiring an additional 48 shares in the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Toyota Motor by 5.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock valued at $195,000 after acquiring an additional 50 shares during the last quarter. Finally, J2 Capital Management Inc lifted its stake in Toyota Motor by 2.4% in 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. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Company Profile

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.