Zacks Research Downgrades Toyota Motor (NYSE:TM) to Strong Sell

Toyota Motor (NYSE:TM) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts have also commented on TM. Erste Group Bank lowered shares of Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Freedom Capital upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Finally, Morgan Stanley initiated coverage on shares of Toyota Motor in a report on Friday, May 1st. They set an “equal weight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Toyota Motor has an average rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Down 0.1%

TM stock opened at $179.59 on Monday. The firm has a market cap of $234.06 billion, a PE ratio of 9.17 and a beta of 0.58. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90. The company has a fifty day simple moving average of $181.47 and a 200 day simple moving average of $207.48. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Toyota Motor (NYSE:TM) last posted its earnings results on Tuesday, March 31st. The company reported $3.80 EPS for the quarter. The firm had revenue of $76.81 billion for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. Sell-side analysts anticipate that Toyota Motor will post 20.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Toyota Motor by 418.5% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 140 shares of the company’s stock worth $29,000 after purchasing an additional 113 shares in the last quarter. Highline Wealth Partners LLC boosted its stake in Toyota Motor by 92.4% during the fourth quarter. Highline Wealth Partners LLC now owns 152 shares of the company’s stock worth $33,000 after buying an additional 73 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Toyota Motor during the first quarter worth $33,000. Cornerstone Planning Group LLC raised its stake in shares of Toyota Motor by 37.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 175 shares of the company’s stock valued at $38,000 after buying an additional 48 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Toyota Motor by 302.1% during the 4th quarter. Larson Financial Group LLC now owns 189 shares of the company’s stock worth $40,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 1.48% of the company’s stock.

About Toyota Motor

Toyota Motor Corporation is a global automotive manufacturer headquartered in Toyota City, Aichi, Japan. Founded in 1937 by Kiichiro Toyoda as an offshoot of Toyoda Automatic Loom Works, the company builds and sells a broad range of vehicles and related products under the Toyota and Lexus brands. Toyota’s operations encompass vehicle design, manufacturing, parts supply, and distribution through a worldwide dealer network, as well as complementary businesses such as vehicle financing and mobility services.

The company’s product lineup includes passenger cars, SUVs, pickup trucks, light commercial vehicles and heavy-duty commercial vehicles, along with engines and vehicle components.