Toyota Motor (NYSE:TM) Stock Rating Upgraded by StockNews.com

Toyota Motor (NYSE:TM) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Toyota Motor Stock Down 0.3 %

Toyota Motor stock opened at $192.46 on Tuesday. The company has a market capitalization of $259.32 billion, a P/E ratio of 9.14, a P/E/G ratio of 0.31 and a beta of 0.63. The firm’s fifty day simple moving average is $178.80 and its 200-day simple moving average is $182.78. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. Toyota Motor has a 1-year low of $159.04 and a 1-year high of $255.23.

Toyota Motor (NYSE:TM) last released its quarterly earnings results 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). The business had revenue of $76.92 billion for the quarter, compared to the consensus estimate of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. Sell-side analysts forecast that Toyota Motor will post 21.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TM. Highline Wealth Partners LLC acquired a new stake in Toyota Motor in the 3rd quarter worth $27,000. Modus Advisors LLC acquired a new stake in Toyota Motor in the 4th quarter worth $31,000. Jamison Private Wealth Management Inc. grew its position in Toyota Motor by 300.0% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock worth $30,000 after purchasing an additional 126 shares during the last quarter. Grove Bank & Trust acquired a new stake in Toyota Motor in the 3rd quarter worth $32,000. Finally, Asset Dedication LLC grew its position in Toyota Motor by 118.0% in the 2nd quarter. Asset Dedication LLC now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 118 shares during the last quarter. 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.