Toyota Motor (NYSE:TM) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Toyota Motor (NYSE:TM) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

Toyota Motor Stock Performance

NYSE:TM opened at $192.46 on Tuesday. The company has a market capitalization of $259.32 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.31 and a beta of 0.63. The business has a 50 day moving average of $179.19 and a 200 day moving average of $182.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.23 and a quick ratio of 1.07. Toyota Motor has a 1-year low of $159.04 and a 1-year high of $255.23.

Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $2.90 earnings per share for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. The business had revenue of $76.92 billion during the quarter, compared to the consensus estimate of $79.78 billion. On average, sell-side analysts predict that Toyota Motor will post 21.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of TM. Fisher Asset Management LLC raised its holdings in Toyota Motor by 2.4% during the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after buying an additional 160,720 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Toyota Motor by 34,303.6% in the third quarter. International Assets Investment Management LLC now owns 417,660 shares of the company’s stock valued at $74,582,000 after acquiring an additional 416,446 shares during the period. Natixis Advisors LLC raised its stake in shares of Toyota Motor by 10.5% during the third quarter. Natixis Advisors LLC now owns 358,892 shares of the company’s stock valued at $64,087,000 after acquiring an additional 34,141 shares during the last quarter. Mediolanum International Funds Ltd purchased a new stake in shares of Toyota Motor during the third quarter worth about $58,660,000. Finally, Stifel Financial Corp grew its stake in shares of Toyota Motor by 7.3% in the third quarter. Stifel Financial Corp now owns 311,483 shares of the company’s stock worth $55,632,000 after purchasing an additional 21,092 shares during the last quarter. Hedge funds and other institutional investors own 1.48% of the company’s stock.

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.