Zacks Research Upgrades Toyota Motor (NYSE:TM) to Hold

Key Points

• Zacks Research upgraded Toyota Motor's stock rating from "strong sell" to "hold" in a recent report, reflecting a shift in analyst sentiment.
• This upgrade comes amidst mixed analyst ratings, with two recommending a buy, two a hold, and one a sell on the stock.
• Toyota Motor reported earnings per share (EPS) of $4.47, missing estimates, but surpassed revenue expectations with $83.13 billion for the quarter.

Zacks Research upgraded shares of Toyota Motor (NYSE:TM - Free Report) from a strong sell rating to a hold rating in a research report report published on Tuesday, August 26th,Zacks.com reports.

TM has been the subject of several other research reports. Sanford C. Bernstein upgraded shares of Toyota Motor from a "market perform" rating to an "outperform" rating in a research report on Monday, August 18th. DZ Bank lowered shares of Toyota Motor from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 9th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Toyota Motor Price Performance

Shares of NYSE:TM traded down $2.07 during midday trading on Tuesday, reaching $192.50. 94,117 shares of the company were exchanged, compared to its average volume of 410,563. 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 business's fifty day moving average is $182.67 and its two-hundred day moving average is $182.50. Toyota Motor has a one year low of $155.00 and a one year high of $201.80. The stock has a market cap of $259.38 billion, a PE ratio of 9.29 and a beta of 0.61.

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

Institutional Investors Weigh In On Toyota Motor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Toyota Motor by 27.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 8,163 shares of the company's stock valued at $1,424,000 after acquiring an additional 1,778 shares during the period. DeDora Capital Inc. purchased a new position in Toyota Motor in the 1st quarter worth about $349,000. Bank of New York Mellon Corp increased its stake in Toyota Motor by 10.8% in the 1st quarter. Bank of New York Mellon Corp now owns 53,998 shares of the company's stock worth $9,532,000 after buying an additional 5,262 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Toyota Motor by 14.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 82,324 shares of the company's stock worth $14,533,000 after buying an additional 10,433 shares during the period. Finally, Sowell Financial Services LLC purchased a new position in Toyota Motor in the 1st quarter worth about $373,000. Hedge funds and other institutional investors 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.