Toyota Motor (NYSE:TM) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Toyota Motor from “hold” to “strong buy,” while the broader analyst consensus remains “Buy” with a $290 target price.
• Toyota shares opened at $195.79, with a market capitalization of $255.18 billion and a 52-week trading range of $166.10 to $248.90.
• The company reported quarterly earnings of $7.42 per share on $83.16 billion in revenue, and analysts expect full-year earnings of $21.17 per share.

Toyota Motor (NYSE:TM - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Thursday, Zacks reports.

Other research analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of Toyota Motor from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Erste Group Bank upgraded Toyota Motor from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 18th. Four equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $290.00.

Toyota Motor Price Performance

Shares of NYSE TM opened at $195.79 on Thursday. The stock has a market cap of $255.18 billion, a PE ratio of 8.63, a price-to-earnings-growth ratio of 1.24 and a beta of 0.61. Toyota Motor has a fifty-two week low of $166.10 and a fifty-two week high of $248.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.17. The stock has a fifty day moving average of $192.14 and a 200-day moving average of $199.18.

Toyota Motor (NYSE:TM - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. The business had revenue of $83.16 billion for the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. Equities research analysts anticipate that Toyota Motor will post 21.17 earnings per share for the current year.

Insider Activity at Toyota Motor

In related news, President Kenta Kon bought 85,000 shares of the stock in a transaction dated Wednesday, August 5th. The stock was bought at an average price of $18.41 per share, with a total value of $1,564,850.00. Following the purchase, the president owned 148,100 shares in the company, valued at approximately $2,726,521. The trade was a 134.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Hedge Funds Weigh In On Toyota Motor

A number of large investors have recently bought and sold shares of TM. Compass Financial Management LLC purchased a new stake in shares of Toyota Motor in the 2nd quarter worth about $25,000. West Financial Advisors LLC bought a new stake in shares of Toyota Motor during the 3rd quarter valued at about $25,000. Physician Wealth Advisors Inc. increased its position in shares of Toyota Motor by 111.0% during the third quarter. Physician Wealth Advisors Inc. now owns 154 shares of the company's stock valued at $28,000 after buying an additional 81 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Toyota Motor by 418.5% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company's stock valued at $29,000 after buying an additional 113 shares during the period. Finally, Mather Group LLC. increased its position in shares of Toyota Motor by 156.2% during the third quarter. Mather Group LLC. now owns 164 shares of the company's stock valued at $30,000 after buying an additional 100 shares during the period. 1.48% of the stock is owned by hedge funds and other institutional investors.

About Toyota Motor

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota's product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.

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