Toyota Motor (NYSE:TM) Upgraded by Freedom Capital to “Strong-Buy” Rating

Toyota Motor (NYSE:TM) was upgraded by investment analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other research firms also recently issued reports on TM. DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Morgan Stanley assumed coverage on Toyota Motor in a research note on Friday, May 1st. They issued an “equal weight” rating on the stock. Zacks Research downgraded Toyota Motor from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BNP Paribas Exane assumed coverage on Toyota Motor in a research note on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $290.00.

Toyota Motor Stock Performance

TM stock opened at $190.83 on Thursday. The business’s 50-day moving average price is $204.87 and its two-hundred day moving average price is $213.67. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The firm has a market cap of $248.71 billion, a PE ratio of 9.75 and a beta of 0.58. Toyota Motor has a 1-year low of $167.18 and a 1-year high of $248.90.

Toyota Motor (NYSE:TM) last posted its earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. The firm had revenue of $76.81 billion for the quarter. Toyota Motor had a return on equity of 9.74% and a net margin of 7.59%. As a group, research analysts forecast that Toyota Motor will post 16.02 earnings per share for the current year.

Institutional Trading of Toyota Motor

A number of hedge funds and other institutional investors have recently modified their holdings of TM. Brighton Jones LLC increased its position in shares of Toyota Motor by 21.8% in the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after acquiring an additional 476 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Toyota Motor by 57.9% in the first quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after acquiring an additional 4,223 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Toyota Motor by 123.4% in the second quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock valued at $490,000 after acquiring an additional 1,571 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Toyota Motor in the second quarter valued at about $864,000. Finally, Brown Advisory Inc. increased its position in shares of Toyota Motor by 17.7% in the second quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock valued at $263,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds 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.