Toyota Motor (NYSE:TM) Cut to “Sell” at StockNews.com

Toyota Motor (NYSE:TM) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Toyota Motor Stock Up 1.1 %

Shares of Toyota Motor stock traded up $2.16 on Friday, hitting $199.52. 779,488 shares of the company traded hands, compared to its average volume of 333,147. Toyota Motor has a 12-month low of $159.04 and a 12-month high of $255.23. The company has a quick ratio of 1.07, a current ratio of 1.23 and a debt-to-equity ratio of 0.61. The company has a market cap of $268.84 billion, a PE ratio of 9.48, a PEG ratio of 0.31 and a beta of 0.67. The company has a 50-day moving average price of $175.42 and a 200 day moving average price of $183.11.

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 the consensus estimate of $4.39 by ($1.49). The firm had revenue of $76.92 billion for the quarter, compared to analyst estimates of $79.78 billion. Toyota Motor had a net margin of 9.17% and a return on equity of 12.02%. Sell-side analysts predict that Toyota Motor will post 21.56 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in shares of Toyota Motor by 34,303.6% during the 3rd quarter. International Assets Investment Management LLC now owns 417,660 shares of the company’s stock worth $74,582,000 after purchasing an additional 416,446 shares during the period. Mediolanum International Funds Ltd bought a new position in Toyota Motor during the third quarter valued at about $58,660,000. Fisher Asset Management LLC raised its holdings in Toyota Motor by 2.4% in the 3rd quarter. Fisher Asset Management LLC now owns 6,762,449 shares of the company’s stock valued at $1,207,571,000 after acquiring an additional 160,720 shares in the last quarter. HITE Hedge Asset Management LLC lifted its position in shares of Toyota Motor by 1,415.4% in the 2nd quarter. HITE Hedge Asset Management LLC now owns 119,184 shares of the company’s stock worth $24,429,000 after acquiring an additional 111,319 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Toyota Motor during the 3rd quarter worth approximately $14,911,000. 1.48% of the stock is owned by institutional investors.

Toyota Motor Company Profile

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.