Toyota Motor (NYSE:TM) Rating Increased to Outperform at Sanford C. Bernstein

Key Points

• Toyota Motor has been upgraded from a "market perform" rating to an "outperform" rating by Sanford C. Bernstein, signaling a positive outlook from analysts.
• In contrast, DZ Bank has downgraded Toyota Motor from a "strong-buy" to a "strong sell" rating, highlighting a mixed sentiment among analysts regarding the company's stock.
• Despite a revenue of $83.13 billion for the recent quarter, Toyota missed earnings expectations, reporting $4.47 per share compared to the anticipated $4.67.

Toyota Motor (NYSE:TM - Get Free Report) was upgraded by equities researchers at Sanford C. Bernstein from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Monday,Finviz reports.

Separately, DZ Bank cut Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Toyota Motor Price Performance

NYSE:TM traded up $3.13 during mid-day trading on Monday, reaching $196.79. 103,076 shares of the stock were exchanged, compared to its average volume of 418,268. The business has a fifty day moving average price of $178.38 and a 200 day moving average price of $181.65. The firm has a market capitalization of $265.15 billion, a PE ratio of 9.49 and a beta of 0.64. Toyota Motor has a 1-year low of $155.00 and a 1-year high of $201.00. The company has a current ratio of 1.27, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $4.47 earnings per share for the quarter, missing analysts' consensus estimates of $4.67 by ($0.20). Toyota Motor had a return on equity of 11.63% and a net margin of 8.77%. The firm had revenue of $83.13 billion for the quarter, compared to analysts' expectations of $81.73 billion. Research analysts expect that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Toyota Motor

Hedge funds have recently added to or reduced their stakes in the stock. Private Trust Co. NA grew its position in Toyota Motor by 143.9% during the first quarter. Private Trust Co. NA now owns 139 shares of the company's stock valued at $25,000 after buying an additional 82 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in shares of Toyota Motor during the fourth quarter valued at about $29,000. Parvin Asset Management LLC acquired a new stake in shares of Toyota Motor during the fourth quarter valued at about $32,000. AlphaCore Capital LLC purchased a new stake in shares of Toyota Motor in the 1st quarter valued at approximately $37,000. Finally, NewSquare Capital LLC boosted its position in shares of Toyota Motor by 65.7% during the 2nd quarter. NewSquare Capital LLC now owns 227 shares of the company's stock worth $39,000 after acquiring an additional 90 shares in the last quarter. 1.48% of the stock is currently owned by institutional investors.

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.

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