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

Zacks Research downgraded shares of Toyota Motor (NYSE:TM) from a hold rating to a strong sell rating in a research report released on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Morgan Stanley began coverage on Toyota Motor in a research report on Friday, May 1st. They set an “equal weight” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Toyota Motor in a research report on Monday, April 20th. Freedom Capital raised Toyota Motor from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Erste Group Bank cut Toyota Motor from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Toyota Motor has an average rating of “Moderate Buy” and an average target price of $290.00.

Toyota Motor Stock Down 0.1%

Shares of TM stock opened at $179.59 on Monday. Toyota Motor has a 12 month low of $166.10 and a 12 month high of $248.90. The stock has a market cap of $234.06 billion, a P/E ratio of 9.17 and a beta of 0.58. The company has a current ratio of 1.27, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The company has a 50 day simple moving average of $181.47 and a two-hundred day simple moving average of $207.48.

Toyota Motor (NYSE:TM) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $3.80 earnings per share for the quarter. Toyota Motor had a net margin of 7.59% and a return on equity of 9.74%. The business had revenue of $76.81 billion for the quarter. On average, research analysts expect that Toyota Motor will post 20.8 earnings per share for the current year.

Institutional Investors Weigh In On Toyota Motor

A number of institutional investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Toyota Motor by 21.8% in the fourth quarter. Brighton Jones LLC now owns 2,658 shares of the company’s stock worth $517,000 after acquiring an additional 476 shares during the period. AQR Capital Management LLC raised its stake in Toyota Motor by 57.9% during the 1st quarter. AQR Capital Management LLC now owns 11,512 shares of the company’s stock valued at $2,032,000 after purchasing an additional 4,223 shares during the period. Baird Financial Group Inc. lifted its holdings in Toyota Motor by 123.4% in the 2nd quarter. Baird Financial Group Inc. now owns 2,844 shares of the company’s stock worth $490,000 after purchasing an additional 1,571 shares in the last quarter. Marshall Wace LLP bought a new position in Toyota Motor in the 2nd quarter worth approximately $864,000. Finally, Brown Advisory Inc. boosted its stake in Toyota Motor by 17.7% in the 2nd quarter. Brown Advisory Inc. now owns 1,527 shares of the company’s stock worth $263,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 1.48% of the company’s stock.

Toyota Motor Company Profile

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.