Toyota Motor (NYSE:TM) Lowered to “Sell” Rating by StockNews.com

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

Toyota Motor Trading Up 1.1 %

NYSE:TM opened at $199.52 on Friday. The company has a market capitalization of $268.84 billion, a P/E ratio of 9.48, a PEG ratio of 0.31 and a beta of 0.67. 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 12 month low of $159.04 and a 12 month high of $255.23. The firm has a fifty day simple moving average of $175.42 and a 200-day simple moving average of $183.11.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 EPS for the quarter, missing analysts’ consensus estimates of $4.39 by ($1.49). The firm had revenue of $76.92 billion for the quarter, compared to analyst estimates of $79.78 billion. Toyota Motor had a return on equity of 12.02% and a net margin of 9.17%. On average, equities research analysts anticipate that Toyota Motor will post 21.56 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Highline Wealth Partners LLC purchased a new stake in Toyota Motor in the 3rd quarter worth approximately $27,000. Jamison Private Wealth Management Inc. lifted its stake in shares of Toyota Motor by 300.0% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock valued at $30,000 after purchasing an additional 126 shares during the period. Grove Bank & Trust acquired a new stake in Toyota Motor during the third quarter valued at $32,000. Asset Dedication LLC increased its holdings in Toyota Motor by 118.0% in the second quarter. Asset Dedication LLC now owns 218 shares of the company’s stock valued at $45,000 after buying an additional 118 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of Toyota Motor by 188.2% in the third quarter. Brown Brothers Harriman & Co. now owns 294 shares of the company’s stock worth $52,000 after acquiring an additional 192 shares during the period. 1.48% of the stock is currently owned by institutional investors and hedge funds.

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.