Toyota Motor Corp Ltd Ord (TM) Stock Rating Lowered by Zacks Investment Research

Toyota Motor Corp Ltd Ord (NYSE:TM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, October 17th.

According to Zacks, “Toyota has been focusing on developing competitive compact vehicles for its emerging markets, as it believes that these regions have higher chances of growth. Recently, the company formed a joint venture with Mazda, through which both will be developing new technologies for their ambitious electric vehicles segment. These developments will allow both the companies meet their changing market trends. Toyota is also undergoing through several structural changes in order to deliver quality vehicles and enhance its strength in the auto market. Moreover, in the last three months, its shares have outperformed in the industry it belongs to. However, down beat views on 2018 and recent recall issues continue to affect the automaker.”



TM has been the subject of several other reports. Daiwa Capital Markets downgraded Toyota Motor Corp Ltd Ord from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 28th. BidaskClub upgraded Toyota Motor Corp Ltd Ord from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Bank of America Corporation downgraded Toyota Motor Corp Ltd Ord from a “neutral” rating to an “underperform” rating and set a $108.22 target price for the company. in a research note on Tuesday, July 11th. 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 Tuesday, August 15th. Finally, Citigroup Inc. upgraded Toyota Motor Corp Ltd Ord from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $115.07.

Toyota Motor Corp Ltd Ord (NYSE TM) opened at 124.23 on Tuesday. The company has a market capitalization of $184.78 billion, a P/E ratio of 10.81 and a beta of 0.63. The company’s 50 day moving average price is $120.40 and its 200-day moving average price is $111.83. Toyota Motor Corp Ltd Ord has a 52 week low of $103.62 and a 52 week high of $124.32.

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A number of hedge funds and other institutional investors have recently modified their holdings of TM. Dimensional Fund Advisors LP lifted its holdings in Toyota Motor Corp Ltd Ord by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 737,890 shares of the company’s stock worth $80,150,000 after acquiring an additional 44,087 shares during the last quarter. Credit Suisse AG lifted its holdings in Toyota Motor Corp Ltd Ord by 380.0% in the first quarter. Credit Suisse AG now owns 62,212 shares of the company’s stock worth $6,758,000 after acquiring an additional 49,251 shares during the last quarter. Cypress Wealth Advisors LLC lifted its holdings in Toyota Motor Corp Ltd Ord by 0.6% in the first quarter. Cypress Wealth Advisors LLC now owns 3,656 shares of the company’s stock worth $397,000 after acquiring an additional 22 shares during the last quarter. First Financial Equity Corporation bought a new position in Toyota Motor Corp Ltd Ord in the first quarter worth about $268,000. Finally, Farmers National Bank raised its holdings in shares of Toyota Motor Corp Ltd Ord by 0.7% during the first quarter. Farmers National Bank now owns 4,406 shares of the company’s stock valued at $511,000 after buying an additional 29 shares during the last quarter. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Toyota Motor Corp Ltd Ord (NYSE:TM)

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