Toyota Motor (NYSE:TM) Rating Increased to Strong-Buy at Zacks Research

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

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

Toyota Motor Stock Up 0.5%

Shares of Toyota Motor stock traded up $1.08 on Monday, hitting $212.63. 21,672 shares of the company traded hands, compared to its average volume of 305,673. The company has a 50-day moving average price of $223.89 and a 200 day moving average price of $213.81. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 0.63. Toyota Motor has a 12-month low of $167.18 and a 12-month high of $248.90. The company has a market cap of $277.13 billion, a PE ratio of 11.20 and a beta of 0.66.

Toyota Motor (NYSE:TM) last posted its quarterly earnings results on Saturday, February 7th. The company reported $6.26 EPS for the quarter, beating 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 business had revenue of $76.37 billion for the quarter, compared to analysts’ expectations of $82 billion. Sell-side analysts predict that Toyota Motor will post 19.76 earnings per share for the current year.

Institutional Investors Weigh In On Toyota Motor

A number of hedge funds have recently bought and sold shares of TM. Morgan Stanley boosted its holdings in Toyota Motor by 13.0% during the fourth quarter. Morgan Stanley now owns 2,421,645 shares of the company’s stock valued at $518,378,000 after acquiring an additional 279,110 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Toyota Motor by 3,027.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 252,765 shares of the company’s stock valued at $54,107,000 after acquiring an additional 244,684 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Toyota Motor by 204.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 257,269 shares of the company’s stock valued at $49,162,000 after acquiring an additional 172,829 shares during the period. Orion Porfolio Solutions LLC boosted its holdings in Toyota Motor by 717.3% during the second quarter. Orion Porfolio Solutions LLC now owns 145,990 shares of the company’s stock valued at $25,148,000 after acquiring an additional 128,128 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Toyota Motor by 116.3% during the fourth quarter. JPMorgan Chase & Co. now owns 231,614 shares of the company’s stock valued at $49,580,000 after acquiring an additional 124,520 shares during the period. 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.