Toyota Motor (NYSE:TM) Rating Lowered to “Hold” at CLSA

Toyota Motor (NYSE:TM) was downgraded by equities research analysts at CLSA from an “outperform” rating to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Other equities research analysts also recently issued reports about the stock. StockNews.com upgraded shares of Toyota Motor from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Macquarie raised Toyota Motor from a “neutral” rating to an “outperform” rating in a research report on Tuesday.

Toyota Motor Trading Down 2.5 %

Shares of NYSE:TM opened at $190.54 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $256.73 billion, a PE ratio of 9.05, a P/E/G ratio of 0.36 and a beta of 0.63. Toyota Motor has a 12-month low of $159.04 and a 12-month high of $255.23. The business’s fifty day simple moving average is $183.77 and its 200-day simple moving average is $180.26.

Toyota Motor (NYSE:TM) last announced its earnings results on Wednesday, February 5th. The company reported $9.98 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $5.62. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. As a group, equities research analysts predict that Toyota Motor will post 19.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Highline Wealth Partners LLC acquired a new position in shares of Toyota Motor in the 3rd quarter valued at $27,000. Modus Advisors LLC purchased a new stake in Toyota Motor during the 4th quarter valued at about $31,000. Trust Co. of Vermont increased its holdings in shares of Toyota Motor by 113.3% in the fourth quarter. Trust Co. of Vermont now owns 160 shares of the company’s stock valued at $31,000 after purchasing an additional 85 shares during the period. Jamison Private Wealth Management Inc. raised its stake in shares of Toyota Motor by 300.0% in the third 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. Finally, Grove Bank & Trust acquired a new stake in shares of Toyota Motor during the third quarter worth about $32,000. Hedge funds and other 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.