Toyota Motor (NYSE:TM) Rating Increased to Hold at ValuEngine

Toyota Motor (NYSE:TM) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, March 21st, ValuEngine reports.

TM has been the subject of a number of other research reports. Jefferies Financial Group upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating in a research report on Thursday, December 6th. Zacks Investment Research upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Wednesday, November 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $138.00.

NYSE:TM traded down $0.43 on Thursday, reaching $121.97. 138,243 shares of the company’s stock were exchanged, compared to its average volume of 147,699. The company has a quick ratio of 0.86, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $178.74 billion, a PE ratio of 8.11, a P/E/G ratio of 1.25 and a beta of 0.69. Toyota Motor has a 52 week low of $111.12 and a 52 week high of $138.68.

Toyota Motor (NYSE:TM) last issued its earnings results on Wednesday, February 6th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($1.69). The business had revenue of $69.21 billion for the quarter, compared to the consensus estimate of $68.22 billion. Toyota Motor had a return on equity of 9.71% and a net margin of 6.36%. Analysts anticipate that Toyota Motor will post 12.66 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in TM. Renaissance Technologies LLC boosted its position in shares of Toyota Motor by 31.1% in the third quarter. Renaissance Technologies LLC now owns 541,300 shares of the company’s stock valued at $67,311,000 after acquiring an additional 128,500 shares during the period. Two Sigma Investments LP boosted its position in shares of Toyota Motor by 683.8% in the fourth quarter. Two Sigma Investments LP now owns 55,901 shares of the company’s stock valued at $6,489,000 after acquiring an additional 48,769 shares during the period. LSV Asset Management boosted its position in shares of Toyota Motor by 31.8% in the fourth quarter. LSV Asset Management now owns 164,780 shares of the company’s stock valued at $19,127,000 after acquiring an additional 39,800 shares during the period. LMR Partners LLP bought a new position in shares of Toyota Motor in the fourth quarter valued at approximately $3,293,000. Finally, Deutsche Bank AG raised its stake in Toyota Motor by 15.0% in the third quarter. Deutsche Bank AG now owns 139,636 shares of the company’s stock valued at $17,362,000 after purchasing an additional 18,204 shares in the last quarter. Institutional investors own 0.70% 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. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.

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Analyst Recommendations for Toyota Motor (NYSE:TM)

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