Toyota Motor (NYSE:TM) was upgraded by investment analysts at Macquarie from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, The Fly reports.
Separately, Zacks Investment Research raised shares of Toyota Motor from a “hold” rating to a “buy” rating and set a $153.00 price target for the company in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Toyota Motor currently has a consensus rating of “Hold” and an average target price of $125.74.
Shares of Toyota Motor (NYSE TM) traded up $6.83 on Tuesday, reaching $138.76. 513,223 shares of the company’s stock traded hands, compared to its average volume of 224,957. The stock has a market cap of $230,550.00, a PE ratio of 11.75, a P/E/G ratio of 1.94 and a beta of 0.74. The company has a quick ratio of 0.90, a current ratio of 1.05 and a debt-to-equity ratio of 0.56. Toyota Motor has a fifty-two week low of $103.62 and a fifty-two week high of $140.99.
A number of hedge funds and other institutional investors have recently modified their holdings of TM. Patten Group Inc. raised its holdings in Toyota Motor by 3,974.2% in the 3rd quarter. Patten Group Inc. now owns 38,094 shares of the company’s stock worth $108,000 after purchasing an additional 37,159 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Toyota Motor in the 3rd quarter worth $110,000. FNY Managed Accounts LLC bought a new position in Toyota Motor in the 3rd quarter worth $112,000. Legacy Advisors LLC bought a new position in Toyota Motor in the 3rd quarter worth $115,000. Finally, Calton & Associates Inc. bought a new position in Toyota Motor in the 4th quarter worth $125,000. Institutional investors and hedge funds own 0.78% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was published by American Banking and Market News and is owned by of American Banking and Market News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2018/02/06/toyota-motor-tm-stock-rating-upgraded-by-macquarie.html.
About Toyota Motor
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.
