Toyota Motor Corp Ltd Ord (TM) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Toyota Motor Corp Ltd Ord (NYSE:TM) from a sell rating to a hold rating in a report issued on Wednesday.

A number of other brokerages have also weighed in on TM. Zacks Investment Research raised Toyota Motor Corp Ltd Ord from a sell rating to a hold rating in a report on Monday, June 5th. Macquarie raised Toyota Motor Corp Ltd Ord from a neutral rating to an outperform rating in a research note on Friday, February 17th. Jefferies Group LLC set a $116.00 price target on Toyota Motor Corp Ltd Ord and gave the stock a hold rating in a research note on Saturday, June 10th. Finally, TheStreet raised Toyota Motor Corp Ltd Ord from a c+ rating to a b rating in a research note on Wednesday, May 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Toyota Motor Corp Ltd Ord currently has a consensus rating of Hold and an average target price of $122.50.

Toyota Motor Corp Ltd Ord (NYSE:TM) opened at 104.70 on Wednesday. The firm’s 50-day moving average price is $107.36 and its 200-day moving average price is $112.57. Toyota Motor Corp Ltd Ord has a 12 month low of $98.39 and a 12 month high of $123.18.

Toyota Motor Corp Ltd Ord (NYSE:TM) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $2.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $119.46 by $117.14. Toyota Motor Corp Ltd Ord had a net margin of 6.64% and a return on equity of 10.29%. The business had revenue of $7,442.47 billion during the quarter, compared to analysts’ expectations of $6,993.26 billion. During the same period in the prior year, the firm posted $38.38 EPS. Toyota Motor Corp Ltd Ord’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts expect that Toyota Motor Corp Ltd Ord will post $10.61 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Toyota Motor Corp Ltd Ord during the fourth quarter valued at approximately $1,272,000. Baird Financial Group Inc. raised its stake in shares of Toyota Motor Corp Ltd Ord by 1.0% in the fourth quarter. Baird Financial Group Inc. now owns 2,038 shares of the company’s stock valued at $239,000 after buying an additional 21 shares during the period. FMR LLC raised its stake in shares of Toyota Motor Corp Ltd Ord by 25.4% in the fourth quarter. FMR LLC now owns 63,111 shares of the company’s stock valued at $7,397,000 after buying an additional 12,793 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Toyota Motor Corp Ltd Ord by 70.2% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,847 shares of the company’s stock valued at $216,000 after buying an additional 762 shares during the period. Finally, Trexquant Investment LP purchased a new stake in shares of Toyota Motor Corp Ltd Ord during the fourth quarter valued at approximately $305,000. 0.92% of the stock is currently owned by institutional investors and hedge funds.

About Toyota Motor Corp Ltd Ord

Toyota Motor Corporation (Toyota) conducts business in the automotive industry. The Company also conducts business in finance and other industries. The Company’s segments include Automotive, Financial Services and All Other. Toyota sells its vehicles in approximately 190 countries and regions. Toyota’s markets for its automobiles are Japan, North America, Europe and Asia.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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