Toyota Motor (TM) Downgraded by Zacks Investment Research to Hold

Toyota Motor (NYSE:TM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “Toyota plans to sell 5.5 million of electrified vehicles by 2030 for which it is collaborating with many companies to develop batteries. Additionally by 2025, it has plans to sell vehicles having either a dedicated electrified model or an electrified option. Toyota is also focusing on battery reuse and recycling for which it is promoting the usage of plug-in vehicle charging and hydrogen refueling stations. Recently, it has announced its decision to construct a megawatt-scale carbonate fuel cell power generation plant in order to assist the plant’s operations. Toyota has provided a positive revenue outlook for fiscal 2018. Also, in order to strengthen presence in the North American market, the company has collaborated with Mazda Motor to set up a new vehicle manufacturing plant in the United States.”

Separately, Citigroup upgraded shares of Toyota Motor from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $125.74.

Toyota Motor (TM) traded up $1.22 on Friday, hitting $139.85. 170,634 shares of the company traded hands, compared to its average volume of 137,391. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.90 and a current ratio of 1.05. Toyota Motor has a 1 year low of $103.62 and a 1 year high of $140.99. The firm has a market cap of $203,424.69, a PE ratio of 12.00, a P/E/G ratio of 2.00 and a beta of 0.66.

Toyota Motor (NYSE:TM) last posted its earnings results on Tuesday, November 7th. The company reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.14. Toyota Motor had a net margin of 6.82% and a return on equity of 10.50%. analysts forecast that Toyota Motor will post 11.93 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of TM. Crossmark Global Holdings Inc. acquired a new position in Toyota Motor during the third quarter worth $23,842,000. Dimensional Fund Advisors LP raised its position in Toyota Motor by 12.9% during the third quarter. Dimensional Fund Advisors LP now owns 939,123 shares of the company’s stock worth $111,915,000 after acquiring an additional 107,326 shares during the period. Parametric Portfolio Associates LLC raised its position in Toyota Motor by 15.3% during the third quarter. Parametric Portfolio Associates LLC now owns 687,916 shares of the company’s stock worth $81,979,000 after acquiring an additional 91,304 shares during the period. Athos Capital Ltd raised its position in Toyota Motor by 893.9% during the third quarter. Athos Capital Ltd now owns 81,500 shares of the company’s stock worth $8,350,000 after acquiring an additional 73,300 shares during the period. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Toyota Motor during the third quarter worth $6,554,000. Institutional investors own 0.76% of the company’s stock.

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Toyota Motor Company Profile

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.

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