Toyota Motor (NYSE:TM) was upgraded by stock analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, The Fly reports. Jefferies Financial Group also issued estimates for Toyota Motor’s FY2021 earnings at $15.48 EPS.
TM has been the subject of a number of other research reports. ValuEngine cut shares of Toyota Motor from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. JPMorgan Chase & Co. upgraded shares of Toyota Motor from a “neutral” rating to an “overweight” rating in a research report on Monday, November 19th. Bank of America upgraded shares of Toyota Motor from a “neutral” rating to a “buy” rating in a research report on Monday, October 22nd. Finally, Zacks Investment Research upgraded shares of Toyota Motor from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Wednesday, November 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. Toyota Motor presently has a consensus rating of “Buy” and an average price target of $133.00.
Shares of NYSE TM opened at $120.88 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 0.55. Toyota Motor has a 52 week low of $114.14 and a 52 week high of $140.99. The stock has a market capitalization of $177.59 billion, a P/E ratio of 8.04, a P/E/G ratio of 1.37 and a beta of 0.75.
Toyota Motor (NYSE:TM) last announced its quarterly earnings data on Tuesday, November 6th. The company reported $3.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.17 by $0.42. Toyota Motor had a net margin of 8.89% and a return on equity of 13.51%. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $66.83 billion. As a group, research analysts anticipate that Toyota Motor will post 14.76 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Csenge Advisory Group acquired a new position in Toyota Motor during the third quarter worth about $205,000. Advisors Asset Management Inc. raised its position in Toyota Motor by 299.4% during the third quarter. Advisors Asset Management Inc. now owns 2,500 shares of the company’s stock worth $311,000 after acquiring an additional 1,874 shares during the last quarter. Rodgers Brothers Inc. purchased a new stake in shares of Toyota Motor during the third quarter worth about $1,005,000. Hilltop Holdings Inc. purchased a new stake in shares of Toyota Motor during the third quarter worth about $255,000. Finally, Jane Street Group LLC grew its holdings in shares of Toyota Motor by 217.6% during the third quarter. Jane Street Group LLC now owns 24,594 shares of the company’s stock worth $3,058,000 after buying an additional 16,850 shares in the last quarter. Institutional investors own 0.70% of the company’s stock.
About Toyota Motor
Toyota Motor Corporation designs, manufactures, assembles, and sells passenger vehicles, minivans and commercial vehicles, and related parts and accessories. It operates through Automotive, Financial Services, and All Other segments. The company offers hybrid cars under the Prius, Alphard, Vellfire, Sienta, RX-HV, Auris, Prius PHV, C-HR, LC, Camry, JPN TAXI, Avalon, Corolla HB, Crown, and Century names; fuel cell vehicles under the MIRAI and SORA names; and conventional engine vehicles, including subcompact and compact cars under the Corolla, Yaris, Vitz, Aygo, Prius C, Aqua, Passo, Roomy, Tank, Etios, Vios, AGYA, Rush, and Yaris iA names.
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