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

Toyota Motor (NYSE:TM) was downgraded by research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat Ratings reports.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. BNP Paribas Exane initiated coverage on Toyota Motor in a report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 target price for the company. Finally, Zacks Research upgraded Toyota Motor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Down 2.3%

TM stock traded down $4.88 during trading on Thursday, hitting $204.79. 15,449 shares of the stock traded hands, compared to its average volume of 308,872. The stock has a market cap of $266.91 billion, a price-to-earnings ratio of 10.81 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. Toyota Motor has a 1 year low of $155.00 and a 1 year high of $248.90. The firm’s 50 day moving average is $227.04 and its two-hundred day moving average is $213.09.

Toyota Motor (NYSE:TM) last issued its earnings results on Friday, February 6th. The company reported $6.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $1.91. The business had revenue of $76.37 billion during the quarter, compared to analysts’ expectations of $82 billion. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. On average, sell-side analysts anticipate that Toyota Motor will post 19.76 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC bought a new position in Toyota Motor during the third quarter valued at approximately $26,000. Highline Wealth Partners LLC grew its position in Toyota Motor by 92.4% in the 4th quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after purchasing an additional 73 shares during the period. Cornerstone Planning Group LLC grew its position in Toyota Motor by 37.8% in 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 during the period. Larson Financial Group LLC raised its stake in Toyota Motor by 302.1% during the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock valued at $40,000 after buying an additional 142 shares during the last quarter. Finally, Activest Wealth Management raised its stake in Toyota Motor by 10,000.0% during the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock valued at $43,000 after buying an additional 200 shares during the last quarter. 1.48% of the stock is 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.