Toyota Motor (NYSE:TM) Upgraded to "Hold" at Zacks Research

Key Points

• Zacks Research upgraded Toyota Motor from “strong sell” to “hold.” Other analysts’ views range from strong buy to hold, resulting in a consensus “Moderate Buy” rating and an average price target of $290.
• Toyota shares opened at $185.80, below their 200-day moving average of $201.98, with a 12-month range of $166.10 to $248.90. The company reported quarterly EPS of $7.42 on $83.16 billion in revenue.
• Toyota President Kenta Kon reported purchasing 85,000 shares, while institutional ownership stands at 1.48% after several investment firms increased their positions.

Toyota Motor (NYSE:TM - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently commented on TM. Freedom Capital raised shares of Toyota Motor from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 14th. Morgan Stanley started coverage on shares of Toyota Motor in a research report on Friday, May 1st. They set an "equal weight" rating on the stock. Finally, Weiss Ratings cut shares of Toyota Motor from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Toyota Motor has an average rating of "Moderate Buy" and an average price target of $290.00.

Toyota Motor Price Performance

Shares of NYSE:TM opened at $185.80 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.27 and a quick ratio of 1.12. Toyota Motor has a 12 month low of $166.10 and a 12 month high of $248.90. The firm has a market capitalization of $242.16 billion, a P/E ratio of 8.19, a P/E/G ratio of 1.26 and a beta of 0.56. The company's fifty day moving average price is $178.17 and its 200 day moving average price is $201.98.

Toyota Motor (NYSE:TM - Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $7.42 EPS for the quarter. The business had revenue of $83.16 billion for the quarter. Toyota Motor had a return on equity of 10.97% and a net margin of 8.61%. As a group, sell-side analysts predict that Toyota Motor will post 20.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Kenta Kon acquired 85,000 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was bought at an average price of $18.41 per share, for a total transaction of $1,564,850.00. Following the transaction, the president owned 148,100 shares in the company, valued at $2,726,521. This represents a 134.71% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On Toyota Motor

Institutional investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Toyota Motor by 418.5% in the 1st 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. International Assets Investment Management LLC acquired a new position in Toyota Motor during the first quarter worth $33,000. Cornerstone Planning Group LLC raised its position in Toyota Motor by 37.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 175 shares of the company's stock worth $38,000 after acquiring an additional 48 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Toyota Motor by 302.1% in the fourth quarter. Larson Financial Group LLC now owns 189 shares of the company's stock valued at $40,000 after acquiring an additional 142 shares during the period. Finally, Activest Wealth Management boosted its position in shares of Toyota Motor by 10,000.0% during the 4th quarter. Activest Wealth Management now owns 202 shares of the company's stock worth $43,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 1.48% of the company's stock.

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.

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