Toyota Motor (NYSE:TM) Downgraded to “Hold” Rating by Erste Group Bank

Erste Group Bank lowered shares of Toyota Motor (NYSE:TM) from a buy rating to a hold rating in a report issued on Thursday, MarketBeat reports.

TM has been the subject of several other research reports. Zacks Research raised shares of Toyota Motor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a report on Wednesday, January 21st. BNP Paribas Exane started coverage on Toyota Motor in a research report on Thursday, February 12th. They issued an “outperform” rating and a $290.00 price target on the stock. Finally, DZ Bank upgraded Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Toyota Motor currently has an average rating of “Moderate Buy” and a consensus target price of $290.00.

Toyota Motor Trading Down 1.2%

Shares of Toyota Motor stock opened at $207.23 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.26 and a quick ratio of 1.12. The stock’s 50 day simple moving average is $226.64 and its 200-day simple moving average is $213.04. The stock has a market cap of $270.09 billion, a P/E ratio of 10.92 and a beta of 0.66. Toyota Motor has a 1-year low of $155.00 and a 1-year high of $248.90.

Toyota Motor (NYSE:TM) last released its quarterly earnings data on Saturday, February 7th. The company reported $6.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.35 by $1.91. The firm 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%. Analysts predict that Toyota Motor will post 19.76 EPS for the current fiscal year.

Institutional Trading of Toyota Motor

Several hedge funds have recently modified their holdings of TM. Root Financial Partners LLC acquired a new stake in shares of Toyota Motor during the 3rd quarter valued at approximately $26,000. Highline Wealth Partners LLC increased its position in shares of Toyota Motor by 92.4% in the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock valued at $33,000 after buying an additional 73 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in shares of Toyota Motor by 37.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock worth $38,000 after buying an additional 48 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Toyota Motor by 302.1% in the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after buying an additional 142 shares in the last quarter. Finally, Activest Wealth Management boosted its position in shares of Toyota Motor by 10,000.0% in the 4th quarter. Activest Wealth Management now owns 202 shares of the company’s stock worth $43,000 after buying an additional 200 shares in the last quarter. 1.48% of the stock is owned by institutional investors and hedge funds.

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.