Toyota Motor (NYSE:TM) Upgraded at Zacks Research

Zacks Research upgraded shares of Toyota Motor (NYSE:TM) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. DZ Bank raised Toyota Motor from a “strong sell” rating to a “strong-buy” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Toyota Motor in a research report on Wednesday, January 21st. Finally, BNP Paribas Exane initiated coverage on Toyota Motor in a report on Thursday, February 12th. They set an “outperform” rating and a $290.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $290.00.

Toyota Motor Stock Up 0.8%

Shares of TM opened at $213.32 on Monday. The firm has a market cap of $278.03 billion, a P/E ratio of 11.25 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.12 and a current ratio of 1.26. Toyota Motor has a 52 week low of $167.18 and a 52 week high of $248.90. The firm’s 50-day simple moving average is $223.33 and its 200 day simple moving average is $213.81.

Toyota Motor (NYSE:TM) last issued 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. Toyota Motor had a net margin of 7.32% and a return on equity of 9.67%. The firm had revenue of $76.37 billion during the quarter, compared to the consensus estimate of $82 billion. On average, analysts forecast that Toyota Motor will post 19.76 earnings per share for the current year.

Institutional Trading of Toyota Motor

A number of institutional investors have recently modified their holdings of TM. DeDora Capital Inc. increased its position in shares of Toyota Motor by 2.1% in the fourth quarter. DeDora Capital Inc. now owns 2,141 shares of the company’s stock worth $458,000 after purchasing an additional 45 shares during the period. Rehmann Capital Advisory Group grew its stake in Toyota Motor by 3.2% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,468 shares of the company’s stock worth $314,000 after buying an additional 45 shares in the last quarter. Independence Bank of Kentucky grew its stake in Toyota Motor by 18.4% during the fourth quarter. Independence Bank of Kentucky now owns 296 shares of the company’s stock worth $63,000 after buying an additional 46 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after buying an additional 48 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Toyota Motor by 5.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,020 shares of the company’s stock valued at $195,000 after buying an additional 50 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

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.