Toyota Motor (NYSE:TM) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of Toyota Motor (NYSE:TM) from a hold rating to a sell rating in a report issued on Friday morning.

Toyota Motor Stock Up 1.1 %

Shares of TM stock opened at $199.52 on Friday. The company’s fifty day simple moving average is $175.42 and its two-hundred day simple moving average is $183.11. Toyota Motor has a 52 week low of $159.04 and a 52 week high of $255.23. The stock has a market cap of $268.84 billion, a P/E ratio of 9.48, a PEG ratio of 0.31 and a beta of 0.67. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61.

Toyota Motor (NYSE:TM) last posted its earnings results on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). The firm had revenue of $76.92 billion for the quarter, compared to the consensus estimate of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. Analysts predict that Toyota Motor will post 21.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

A number of large investors have recently bought and sold shares of TM. Inspire Trust Co. N.A. boosted its stake in Toyota Motor by 38.3% in the third quarter. Inspire Trust Co. N.A. now owns 19,503 shares of the company’s stock valued at $3,483,000 after acquiring an additional 5,400 shares in the last quarter. Synovus Financial Corp purchased a new stake in shares of Toyota Motor during the 3rd quarter valued at $209,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Toyota Motor in the 3rd quarter worth $207,000. World Investment Advisors LLC purchased a new position in Toyota Motor during the 3rd quarter worth $14,911,000. Finally, Virtu Financial LLC increased its position in Toyota Motor by 83.2% during the 3rd quarter. Virtu Financial LLC now owns 4,523 shares of the company’s stock valued at $808,000 after buying an additional 2,054 shares in the last quarter. Institutional investors own 1.48% of the company’s stock.

About Toyota Motor

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.