Toyota Motor (NYSE:TM) Raised to Hold at StockNews.com

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

Toyota Motor Price Performance

Toyota Motor stock opened at $193.01 on Tuesday. 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 fifty day simple moving average of $178.45 and a 200-day simple moving average of $182.71. The stock has a market cap of $260.06 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 0.31 and a beta of 0.63. Toyota Motor has a 12-month low of $159.04 and a 12-month high of $255.23.

Toyota Motor (NYSE:TM) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $2.90 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $79.78 billion. Equities analysts expect that Toyota Motor will post 21.56 EPS for the current fiscal year.

Institutional Trading of Toyota Motor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Highline Wealth Partners LLC purchased a new position in shares of Toyota Motor in the 3rd quarter valued at $27,000. Jamison Private Wealth Management Inc. boosted its stake in Toyota Motor by 300.0% in the third quarter. Jamison Private Wealth Management Inc. now owns 168 shares of the company’s stock valued at $30,000 after acquiring an additional 126 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of Toyota Motor during the fourth quarter worth about $31,000. Grove Bank & Trust purchased a new position in shares of Toyota Motor during the third quarter worth about $32,000. Finally, Asset Dedication LLC increased its position in shares of Toyota Motor by 118.0% during the second quarter. Asset Dedication LLC now owns 218 shares of the company’s stock worth $45,000 after purchasing an additional 118 shares in the last quarter. Institutional investors and hedge funds 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.