Toyota Motor (NYSE:TM) Stock Lifted to Strong-Buy by Zacks Research

Zacks Research upgraded shares of Toyota Motor (NYSE:TM) from a hold rating to a strong-buy rating in a report published on Thursday morning,Zacks reports.

Other equities research analysts have also recently issued research reports about the stock. Erste Group Bank upgraded shares of Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 18th. Weiss Ratings upgraded Toyota Motor from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Four investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Toyota Motor currently has a consensus rating of “Buy” and an average price target of $290.00.

Toyota Motor Trading Down 0.4%

Shares of Toyota Motor stock opened at $195.79 on Thursday. The company’s fifty day simple moving average is $192.14 and its 200-day simple moving average is $199.18. The company has a market cap of $255.18 billion, a price-to-earnings ratio of 8.63, a PEG ratio of 1.24 and a beta of 0.61. The company has a current ratio of 1.17, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. Toyota Motor has a 1 year low of $166.10 and a 1 year high of $248.90.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $7.42 earnings per share for the quarter. The firm had revenue of $83.16 billion during the quarter. Toyota Motor had a net margin of 8.61% and a return on equity of 11.21%. As a group, sell-side analysts expect that Toyota Motor will post 21.17 EPS for the current year.

Insiders Place Their Bets

In related news, President Kenta Kon acquired 85,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was purchased at an average cost of $18.41 per share, for a total transaction of $1,564,850.00. Following the completion of the purchase, the president directly owned 148,100 shares of the company’s stock, valued at $2,726,521. The trade was a 134.71% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Toyota Motor

Large investors have recently made changes to their positions in the company. Calamos Wealth Management LLC bought a new stake in shares of Toyota Motor in the first quarter worth about $4,279,000. Advisors Preferred LLC grew its stake in shares of Toyota Motor by 660.7% during the 1st quarter. Advisors Preferred LLC now owns 7,432 shares of the company’s stock worth $1,532,000 after acquiring an additional 6,455 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of Toyota Motor during the 1st quarter worth about $4,279,000. Royal Bank of Canada increased its position in shares of Toyota Motor by 19.0% in the first quarter. Royal Bank of Canada now owns 237,220 shares of the company’s stock valued at $48,888,000 after acquiring an additional 37,893 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of Toyota Motor by 17.1% during the 1st quarter. Sei Investments Co. now owns 47,995 shares of the company’s stock worth $9,891,000 after purchasing an additional 6,997 shares during the last quarter. Institutional investors own 1.48% of the company’s stock.

Toyota Motor Company Profile

Toyota Motor Corporation is a Japanese automaker headquartered in Toyota City, Aichi Prefecture. Founded in 1937, the company develops, manufactures and sells passenger vehicles, commercial vehicles and related mobility products under the Toyota and Lexus brands. It also produces vehicles through the Hino and Daihatsu businesses.

Toyota’s product portfolio includes cars, trucks, sport utility vehicles, minivans and buses, along with hybrid-electric, battery-electric and hydrogen fuel-cell vehicles.