Zacks Investment Research Lowers Toyota Motor (NYSE:TM) to Hold

Zacks Investment Research cut shares of Toyota Motor (NYSE:TM) from a buy rating to a hold rating in a report released on Saturday, January 20th.

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 Toyota Motor from a neutral rating to a buy rating in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $125.74.

Shares of Toyota Motor (NYSE:TM) traded up $0.43 during trading on Friday, hitting $135.47. The company had a trading volume of 262,617 shares, compared to its average volume of 242,299. The company has a current ratio of 1.04, a quick ratio of 0.90 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $219,230.00, a PE ratio of 11.29, a PEG ratio of 1.76 and a beta of 0.74. Toyota Motor has a twelve month low of $103.62 and a twelve month high of $140.99.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Toyota Motor by 12.9% in the third quarter. Dimensional Fund Advisors LP now owns 939,123 shares of the company’s stock valued at $111,915,000 after acquiring an additional 107,326 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Toyota Motor by 15.3% in the third quarter. Parametric Portfolio Associates LLC now owns 687,916 shares of the company’s stock valued at $81,979,000 after acquiring an additional 91,304 shares during the last quarter. Aperio Group LLC increased its position in shares of Toyota Motor by 7.3% in the fourth quarter. Aperio Group LLC now owns 449,413 shares of the company’s stock valued at $57,152,000 after acquiring an additional 30,496 shares during the last quarter. Sei Investments Co. increased its position in shares of Toyota Motor by 1.9% in the third quarter. Sei Investments Co. now owns 201,566 shares of the company’s stock valued at $24,020,000 after acquiring an additional 3,730 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Toyota Motor in the third quarter valued at about $23,842,000. Institutional investors own 0.78% 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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