Erste Group Bank Upgrades Toyota Motor (NYSE:TM) to “Buy”

Toyota Motor (NYSE:TM) was upgraded by stock analysts at Erste Group Bank from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, October 8th. Sanford C. Bernstein raised Toyota Motor from a “market perform” rating to an “outperform” rating in a research report on Monday, August 18th. Finally, Zacks Research downgraded Toyota Motor from a “hold” rating to a “strong sell” rating in a report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Toyota Motor Price Performance

Shares of NYSE TM opened at $204.58 on Friday. Toyota Motor has a twelve month low of $155.00 and a twelve month high of $211.24. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $198.26 and a two-hundred day moving average of $188.13. The company has a market capitalization of $275.65 billion, a price-to-earnings ratio of 9.86 and a beta of 0.62.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Thursday, August 7th. The company reported $4.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.67 by ($0.20). Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%.The business had revenue of $83.13 billion during the quarter, compared to analyst estimates of $81.73 billion. Toyota Motor has set its FY 2026 guidance at 14.100-14.100 EPS. As a group, analysts expect that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Institutional Trading of Toyota Motor

Several hedge funds and other institutional investors have recently modified their holdings of TM. Brighton Jones LLC grew its holdings in shares of Toyota Motor by 21.8% during the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock valued at $517,000 after buying an additional 476 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Toyota Motor during the 1st quarter worth about $239,000. Bessemer Group Inc. grew its stake in Toyota Motor by 203.3% during the 1st quarter. Bessemer Group Inc. now owns 455 shares of the company’s stock valued at $80,000 after acquiring an additional 305 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Toyota Motor by 27.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,163 shares of the company’s stock valued at $1,424,000 after purchasing an additional 1,778 shares during the period. Finally, Private Trust Co. NA lifted its position in shares of Toyota Motor by 143.9% in the first quarter. Private Trust Co. NA now owns 139 shares of the company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 1.48% of the company’s stock.

Toyota Motor Company Profile

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.